CoinVoice has recently learned that, according to Coindesk, the U.S. Court of Appeals for the Tenth Circuit ruled that the cryptocurrency bank Custodia, located in Wyoming, does not have the right to compel the Federal Reserve to grant it access to its master account, upholding last year's unfavorable ruling by a lower court against Custodia. Custodia filed a lawsuit against the Federal Reserve in 2022, initially claiming that the Federal Reserve took too long to evaluate its master account application, and later modified the lawsuit after the Federal Reserve denied its application. Custodia argued that the Federal Reserve had no authority to deny a master account application. Last year, a federal judge dismissed Custodia's lawsuit, ruling that the Federal Reserve had no obligation to grant a master account to every eligible deposit institution. The company subsequently appealed, and a panel of three judges heard arguments from both sides in January of this year. [Original link]