Custodia Bank Loses Bid for Rehearing in Fed Master Account Case

March 13, 2026, 9:33 PM UTC

A Wyoming-based cryptocurrency bank won’t get a second hearing from a US appeals court in its quest to force the Federal Reserve to grant it access to the central bank’s payment systems.

Custodia Bank in December asked the full US Court of Appeals for the Tenth Circuit to review a split panel ruling that affirmed the Biden-era decision by the Fed’s Board of Governors in Washington and the Federal Reserve Bank of Kansas City to deny the bank’s request for a master account.

The Tenth Circuit denied Custodia’s petition for a full court review in a per curiam ruling Friday. ...

Learn more about Bloomberg Tax or Log In to keep reading:

See Breaking News in Context

From research to software to news, find what you need to stay ahead.

Already a subscriber?

Log in to keep reading or access research tools and resources.