A federal appeals court in Denver has upheld the Federal Reserve’s right to deny crypto-focused bank Custodia access to a master account, delivering a major blow to the Wyoming-based institution’s years-long push to gain direct access to the US central banking system. Key Takeaways: The US Tenth Circuit Court of Appeals ruled that the Fed has the discretion to deny crypto-focused banks access to master accounts. Judge David Ebel wrote that the Fed’s authority to reject such requests is essential to “sa ...