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FRB Releases Statements on Member Banks and Crypto

The Federal Reserve Board issued two seemingly related press releases late last week. The first announced the denial of the Federal Reserve membership application by Custodia Bank, a Wyoming special purpose depository institution. ....

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FRB Issues Policy Statement on Permissible Activities of State Member Banks While Denying Uninsured Crypto-focused Bank's Membership Application | Cadwalader, Wickersham & Taft LLP

The Federal Reserve Board (“FRB” or “Board”) issued two seemingly related press releases late last week. The first announced the denial of the Federal Reserve membership application by. ....

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