Gorsuch Extends Custodia Deadline to July 11 for Supreme Court Review of Fed Master Account Ruling
Justice Neil Gorsuch granted Custodia Bank additional time to file a petition asking the US Supreme Court to review a 10th Circuit ruling that sided with the Federal Reserve in the bank’s fight for a Fed master account. The certiorari petition is due July 11.
Custodia, a Wyoming-chartered bank focused on digital assets, applied for a master account in 2020 and was denied by the Fed. The case turns on whether the central bank has legal discretion to deny a state-chartered bank a master account, a question that could set a broader precedent on access to the US financial system if the Supreme Court agrees to hear it.
From the sources (3 posts)
@eleanorterrett🚨NEW: Looks like @custodiabank CEO @CaitlinLong_ is preparing to take her fight with the Federal Reserve to the Supreme Court. Justice Neil Gorsuch has granted Custodia additional time to file a certiorari petition, asking the U.S. Supreme
@eleanorterrettI wrote about the possibility of Custodia appealing to SCOTUS back in March. ⬇️
@tftc21The Custodia Bank case against the Federal Reserve may be heading to the highest court in the country. Justice Neil Gorsuch has granted additional time for Custodia to file a certiorari petition, due July 11. The core question: does the