Crypto group backs Custodia in Supreme Court battle over Fed access

The Blockchain Association is urging the Supreme Court to support Custodia in its legal battle against the Fed. The group argues that the Fed should not possess broad discretion to deny eligible state-chartered banks direct access to its payment system via master accounts. There are concerns that such power could be used to squeeze digital asset firms out of the banking system, potentially redefining how crypto companies integrate into traditional financial infrastructures and overall banking access.