Federal Reserve Says Custodia’s Plans Would Endanger Itself and the Crypto Industry

The Federal Reserve Board argued that Custodia Bank’s proposed business model was “inconsistent” with approval in an order explaining its denial of the Wyoming-based crypto bank’s application for membership.

• 2023-03-25
• Federal Reserve Board Fed Signature Bank SVB bank failures bank failure Custodia Bank Custodia

Crypto Bank Custodia's Bid for Fed Supervision Rejected Again

The Federal Reserve Board announced Thursday it had again rejected crypto bank Custodia's bid for Fed supervision.

• 2023-02-24
• Federal Reserve Board Custodia Kansas City Fed Fed application decision