Custodia Financial institution Renews Push for Fed ‘Grasp Account’ After Rejection

by Jeremy

“Confronted with discovery requests to the Kansas Metropolis Fed and a looming deadline for the Board to supply an administrative report that may have revealed the Board’s management over the Kansas Metropolis’s Fed’s decision-making course of, Defendants tried to moot the litigation. On January 27, 2023, in a coordinated maneuver orchestrated by the Board in session with the White Home and leaked to reporters by Board officers the day earlier than it occurred, the Kansas Metropolis Fed reported the denial of Custodia’s grasp account utility instantly after the Board denied Custodia’s membership utility,” Friday’s submitting claimed.

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