Custodia remains engaged in a legal battle for access to a Federal Reserve master account, after being denied in 2023 amid the “Operation Choke Point 2.0” crackdown on crypto banking

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In 2023, amid the "Operation Choke Point 2.0" crackdown on crypto banking, Custodia sued the Federal Reserve after it was denied a Fed master account, claiming regulatory bias against its crypto focus

Custodia has been battling with the Federal Reserve in order to get direct access to a Master account and payment systems, rather than needing to go indirectly via other banks such as Vantage.