"I'm nervous like I was in 2008," Jason Brett, a former regulator with the Federal Deposit Insurance Corporation, said.

The Federal Reserve Board argued that Custodia Bank’s proposed business model was “inconsistent” with approval in an order ...

The Federal Reserve, in an order published Friday, explained that it rejected Custodia Bank's application to become a member ...

Custodia Bank's involvement in crypto space was one of the main reasons the Federal Reserve denied its membership in January, according to an 86-page report released on March 24.

The two biggest banking institutions serving cryptocurrency businesses in the U.S. have shut down in the last four days.

A crypto bank–or a traditional bank that wants to ... Yet earlier this year, the Federal Reserve rejected an application from just such a bank, Custodia, which was chartered under Wyoming ...

Though the Fed admitted Custodia has sufficient capital and resources to launch, it has “fundamental concerns” about the ...

If regulatory parameters for crypto are spelled out, "people would spend a lot less time thinking about, 'What are the rules?

But it appears that its reputation as a crypto bank, combined with panic in the ... Custodia is suing the Fed over the denial of its application for membership. Others are less convinced by ...

Although the underlying technologies are a clever solution for the problem of how to execute transactions without a trusted ...

The US Federal Reserve released an 86-page report on Friday, detailing the reasons for denying Custodia Bank's application for membership, including its involvement in the crypto space. The report ...

The network has had a first-mover advantage thus far as a platform developers could build apps on, a report from the bank ...