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US court docket rejects Fed’s movement to dismiss Custodia Financial institution Cointelegraph case




Custodia Financial institution takes a step ahead in its authorized battle with the Federal Reserve as a Wyoming federal choose refused dismissal motions from each the Fed and the Federal Reserve Financial institution of Kansas Metropolis.

Digital Asset Financial institution sued the Federal Reserve in June 2022, alleging an “illegal delay” in processing an software for its important account. In 2020, Caitlin Lengthy, former CEO Morgan Stanley (NYSE:) and the primary supporter of , based the financial institution present account companies for crypto corporations and serves as a bridge to the US greenback.

Screenshot of the ruling on the defendant’s motions to dismiss the amended criticism. Supply: Court docket Sluach