Crypto Group Warns Fed Could Use Banking Access to Squeeze Digital Asset Firms
60-second summary
The Blockchain Association is urging the Supreme Court to take up Custodia's case, warning that broad Federal Reserve power over "master accounts" could be used to push crypto firms out of the banking system, potentially limiting their access to liquidity and forcing them to rely on less stable alternatives, posing a significant threat to the industry's stability and growth.
The Blockchain Association is urging the Supreme Court to take up Custodia’s case, saying that broad Fed power over “master accounts” could be used to push crypto firms out of the banking system.