Crypto group backs Custodia in Supreme Court battle over Fed access
60-second summary
The Blockchain Association is backing Custodia in its Supreme Court battle, arguing the Federal Reserve should not have broad discretion to deny eligible state-chartered banks direct access to its payment system. The association claims this would unfairly limit financial inclusion and hinder innovation in the crypto and fintech sectors, potentially stifling growth and competition.
The Blockchain Association argues the Fed should not have broad discretion to deny eligible state-chartered banks direct access to its payment system.