Custodia Bank is asking the full Tenth Circuit Court of Appeals to review the US Fed’s decision denying it a master account, which would allow it to process payments directly.
Custodia Bank, a crypto‑focused bank founded by Bitcoin advocate Caitlin Long, is doubling down on efforts to obtain a master account at the US Federal Reserve by filing a new petition in the United States Court of Appeals for the Tenth Circuit.
On Monday, the Wyoming-chartered company filed a petition asking all active judges of the Tenth Circuit to reconsider its October decision upholding the Federal Reserve’s denial of a master account for Custodia.
Through the petition, formally termed a “rehearing en banc,” Custodia argued that the panel had misread the Monetary Control Act, which it asserts entitles any eligible bank to a master account, and in doing so, undermines state banking authority.
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