Wire · regulatory
Blockchain Association Asks Supreme Court to Settle Whether the Fed Can Just Say No
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Fusion42 · 14 August 2026 · Fusion42 review
The Blockchain Association has urged the US Supreme Court to clarify whether the Federal Reserve can broadly deny master accounts under the Monetary Control Act, challenging the discretion of regional Reserve Banks after Custodia Bank's application was rejected. This case questions the legal limits of Fed discretion regarding payment system access for crypto and other eligible institutions.
This Wire brief sits within Fusion42's coverage of Fintech, and 2 sources have reported it between 13 Aug 2026 and 14 Aug 2026.
◆ ◆ The Wire takeaway
You face a possible end to unpredictable Federal Reserve gatekeeping over crypto banking access. Prepare for a legal ruling that could open the Fed’s payment rails to more fintech challengers without case-by-case fights.
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2 sources · first reported 13 Aug 2026 · latest 14 Aug 2026
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