Blockchain Association backs Custodia Supreme Court appeal

• Blockchain Association backed Custodia’s Supreme Court appeal over a Federal Reserve master account.
• The case could affect how crypto-focused banks access the US banking system.
• The group argues the dispute raises broader legal questions about federal banking access.

Blockchain Association filed a brief supporting Custodia Bank’s appeal to the US Supreme Court over its bid for a Federal Reserve master account.

The case centres on whether the Federal Reserve can deny master account access to a state-chartered bank focused on digital assets.

Blockchain Association argued that the dispute raises broader legal questions about access to the US banking system.

Custodia has argued that a master account would allow it to hold reserves and access Federal Reserve payment services directly.

The case could influence how crypto-focused banks interact with the Federal Reserve and the broader banking system.

The dispute began after the Federal Reserve denied Custodia’s application for a master account and the bank challenged the decision in court.

Industry groups have increasingly backed legal cases involving banking access, regulation and digital asset businesses as regulatory disputes continue.