Kirsten Gillibrand Ted Budd U.S.Senate Cynthia Lummis New York city Kansas City state Wyoming Citi Provident Digital Williams Kirsten Gillibrand Ted Budd U.S.Senate Cynthia Lummis New York city Kansas City state Wyoming

This Crypto-Friendly Bank is Suing the Fed and Why a Win Would Be Hugely Price-Positive for Digital Assets

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cryptonews.com

U.S. digital asset-focused bank Custodia has filed a lawsuit against the Federal Reserve (FED) Board of Governors and the Federal Reserve Bank of Kansas City over “unlawfully” delaying its application for a master account with the FED.

The bank received major backing earlier this week after seven U.S. Congressmen submitted a friend of the court brief. The lawmakers urged a Wyoming court to dismiss the FED’s motion to dismiss the lawsuit.The brief was filed by three Republican senators, including Cynthia Lummis, Steve Daines and Kevin Cramer, and four GOP members of the House of Representatives, including Warren Davidson, Ted Budd, Trey Hollingsworth, and William Timmons.

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