Woofun AI reports that Custodia Bank has filed a petition for rehearing with the U.S. Supreme Court, questioning whether regional Federal Reserve Bank presidents possess the authority to deny master account services. The Federal Reserve rejected Custodia's applications in 2023, citing safety risks linked to its digital asset business model. Following a 2024 ruling by the U.S. Tenth Circuit Court of Appeals favoring the Kansas City Federal Reserve Bank, the Supreme Court will determine in October whether to accept the case.