CoinVoice has recently learned that the Blockchain Association, a U.S. cryptocurrency lobbying group, has filed an amicus brief with the U.S. Court of Appeals for the Tenth Circuit in support of Custodia Bankâs lawsuit against the Federal Reserve.
âThe Fedâs claim that digital assets raise security and robustness issues protects large incumbent banks and makes it harder for industry participants to find banking partners. This leaves customers in a difficult position. Custodia has fallen victim to this scam,â said the Blockchain Associationâs chief legal officer.
Most importantly, the Fed Master Account provides security for banks and their customers. Losing access to this system harms the interests of the millions of law-abiding Americans who participate in the digital asset economy.
Hopefully the Tenth Circuit will make the right decision.â [Original link]
