Custodia Bank filed a notice of appeal in its ongoing case against the US Federal Reserve on April 26.
The bank intends to appeal an earlier judgment that denied its entitlement to a Federal Reserve master account, a service that allows access to the central bank’s system without relying on intermediary banks.
Additionally, Custodia will appeal a bill of costs through which one of the defendants, the Federal Reserve Bank of Kansas City, seeks $25,728.25 related to deposition transcripts.
Custodia argued that the court should not handle costs until it decides on the appeal and said the same court denied costs in a similar case. It asserted that awarding costs early would “risk chilling future legitimate lawsuits” against the Federal Reserve.
Previous ruling
The court ruled on March 29 that Custodia Bank is not entitled to a Fed master account and denied a writ of mandamus that would have compelled the Kansas Fed to decide on its application. Custodia’s petition was subsequently
We współpracy z: https://cryptoslate.com/custodia-bank-files-notice-of-appeal-in-federal-reserve-case/
