Woofun AI reports that Custodia Bank has filed a petition with the U.S. Supreme Court to review its case regarding the Federal Reserve's refusal to grant access to its payment system. The crypto bank applied for a master account with the Kansas City Fed in 2020, but the request was denied in 2023 due to its focus on crypto asset activities. After the Tenth Circuit Court of Appeals upheld the denial, Custodia argued that the case presents critical questions about whether regional Fed banks can override state banking charter decisions. CEO Caitlin Long noted that while Wyoming established a crypto-friendly legal framework, the Kansas City Fed president opposed these policy choices. The Supreme Court will determine whether to hear the case following its October recess.