#BlockchainNews# Digital asset bank Custodia Bank challenged the Federal Reserve's decision to deny its master account to the U.S. Court of Appeals for the Tenth Circuit. Custodia's lawyers pointed out that the Federal Reserve's refusal to open master accounts for state-chartered banks could undermine the dual banking system and could even violate the Monetary Control Act. They emphasized that all eligible banks should have equal access to the Federal Reserve's services. Custodia had hoped to operate as an uninsured bank and issue stablecoins backed by cash and other assets, but was rejected by the Federal Reserve. Does this mean that the Federal Reserve wants to isolate payment tracks from crypto assets? Welcome to leave a message in the comment section to discuss! 👇