On Wednesday, the Blockchain Association filed an amicus brief supporting Custodia Bank's petition for Supreme Court review of the Federal Reserve's denial of its master account application. Custodia, a Wyoming-based crypto bank providing custody and payments services, has been seeking a master account to settle payments directly with the central bank. The Blockchain Association argues the Fed's denial threatens the dual banking system and could give federal regulators a way to deny lawful businesses access to the payments system without legislative authority.
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