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US Federal Reserve denies Custodia Bank's request for Fed supervision

Published 02/23/2023, 06:10 PM
Updated 02/23/2023, 08:00 PM

The United States Federal Reserve has denied a request from cryptocurrency bank Custodia Bank to reconsider its membership application to the Federal Reserve System.

The Fed announced its denial on Feb. 23 saying the Federal Reserve Board previously decided that Custodia’s application “was inconsistent with the required factors under the law.”

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Why? Crypto needs to oull up their pants and be the big guys. I guess they dont realize that they are no longer kids and now they are bankers. This is why the Feds dont want u in their group. New bankers agaisnt the old bankers and the old bankers are scared because they have all their money in a worthless dollar.
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