U.S. court rejects Custodia Bank's request to reopen Fed lawsuit

The U.S. Court of Appeals for the Tenth Circuit has rejected a request by Custodia Bank to reopen its lawsuit against the Federal Reserve (Fed). According to BeInCrypto, the court voted 7-3 against a rehearing of the case. Custodia Bank had initially sued the Fed, arguing that the central bank should grant it a master account, in a case where the court had previously ruled in favor of the Fed.