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BTCC / BTCC Square / Global Cryptocurrency /
Custodia Bank Loses Final Fed Appeal as Kraken Secures Master Account

Custodia Bank Loses Final Fed Appeal as Kraken Secures Master Account

Author:
Global Cryptocurrency
Published:
2026-03-14 15:31:02
14
3
BTCCSquare news:

A federal appeals court delivered a fatal blow to Custodia Bank's three-year battle for Federal Reserve access, rejecting its rehearing request in a 7-3 vote. The Wyoming-based crypto bank's denial contrasts sharply with Kraken's landmark approval for a limited master account on March 4—marking the first such concession to a digital asset firm.

The dissenting opinion framed the Fed's rejection as existential for Custodia, calling it "akin to a death sentence" for the institution. Meanwhile, regulators appear to be crafting a narrower pathway for crypto firms, with the Kansas City Fed developing a "skinny" master account framework that could reshape industry access.

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