Blockchain Association Backs Custodia Bank Supreme Court Appeal for Fed Access

Custodia Bank seeks Supreme Court review of Federal Reserve master account rejection. Blockchain Association argues denial sets dangerous precedent for digital asset banking access.

Woofun AI reports that the Blockchain Association filed an amicus brief supporting Custodia Bank's appeal to the U.S. Supreme Court regarding its Federal Reserve master account application. The association contends the case determines whether digital asset firms can operate fairly, warning against precedents allowing regulators to 'debank unwanted industries without the need for state regulatory intervention.' Custodia Bank, founded by Caitlin Long, applied in October 2020 and was rejected in January 2023 due to perceived crypto risks. After losing in lower courts and a 7-3 Tenth Circuit ruling in March 2026, the Federal Reserve Bank of Kansas City must respond by September 11.