Custodia Bank escalates its fight for a key account in the Federal Reserve towards the Supreme Court

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Banque Custodia was granted additional time to file its dispute with the Federal Reserve Bank of America. Al-Qadi agreed to extend the bank’s request to extend the time to submit the request.

The Digital Asset Bank of Wyoming now has until July 11, 2026 to submit an application. تتحدي العريضة The Federal Reserve rejected the main account, according to لملف Supreme Court 25A1320.

Federal Reserve account rejection background

Case, founded by Caitlin Long, applied for the account of the head of the federal government in Kansas City in October 2020.

The Federal Reserve formally rejected the request in January 2023. Officials cited safety concerns related to the digital currency-focused business model.

The ruling of the 10th Circuit Court Committee, divided by a majority of 2-1 in October 2025, that the reserve reserves the right to access the main account.

interpret the resolution of the federal reserve law on the status of eligible institutions

reject vote 7-3 reconsideration of the council In March 2026, which prompted Custody to seek a High Court review.

What will the Supreme Court review decide?

على المحك is the cash control law of 1980. تجدل Houses that require a reserve bank to receive payment equal to the institutions of the country.

The case of Custodia Bank against the Federal Reserve may be directed to the highest court in the country.

Judge Neil Gorsuch granted Custodia additional time to file a petition for certiorari, due July 11.

The central question: Does the Fed have unlimited discretion to deny a… pic.twitter.com/hui6Uolqrg

– TFTC (@TFTC21) May 29, 2026

The Federal Reserve says that the law deals with the pricing after the services are rendered, not the law deals with the pricing after the services are rendered, not the law deals with the calculations. The banking trade groups supported the reading of the Federal Reserve in its files.

The decision of the Supreme Court in favor of custody may limit the ability of the Federal Reserve to limit the main capacity of legally qualified institutions.

This result will have ramifications for financial technology companies والبنوك المشفرة original which seeks direct access to Fedwire and ACH.

If the review is rejected, it will instead confirm the broad authority of the Federal Reserve over the payment authority.

represents كوستوديا كانون ك. شانموغام من ديفيس بولك.

Whether the court will grant the review is still uncertain, given the high standards of review. The review is still uncertain, given the high standards of review.

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