Custodia Loses Court Bid for Federal Reserve Master Account, Facing Industry Headwinds

• Custodia Bank lost bid for Federal Reserve master account in court ruling • Judge affirmed Fed's discretion in granting/denying master accounts • Dismisses Custodia’s attempt to compel Fed to approve its application • Adds to crypto industry’s legal and regulatory challenges • Custodia hints it may appeal judgment; Sen. Lummis disagrees with ruling