PANews reported on July 4 that according to Fox Business Channel reporter Eleanor Terrett, former U.S. Attorney General Paul Clement, who represented Loper Bright in the Chevron case in the Supreme Court, has just filed an amicus brief on behalf of the cryptocurrency industry in the appeal case of Custodia Bank (crypto-friendly regret) against the Federal Reserve. After successfully overturning the Chevron deference principle recently, Clement raised the question in the amicus brief filed whether the Federal Reserve violated Article II of the U.S. Constitution by allowing the Federal Reserve Chairman to make official decisions. This is a major challenge for Custodia because it is seeking court intervention to limit the excessive power of the U.S. central bank (which recently rejected Custodia's request to obtain access to the master account). Clement said: "In short, the district court gave the Federal Reserve Bank Chairman such a significant and almost unrestricted discretion, which raises serious constitutional questions about whether Article II of the Constitution has been violated." Clement basically questioned whether the Federal Reserve's structure is constitutional, which makes the significance of the case far beyond just the issue of Custodia Bank.