PANews reported on November 4th that, according to The Block, the U.S. Tenth Circuit Court of Appeals upheld Custodia's ruling that it was not entitled to the Federal Reserve's master account . TD Cowen analyzed that this result was a "speed bump rather than a roadblock," and that crypto banks could still potentially access the central bank payment system through a "slimmed-down master account." Currently, institutions including Coinbase, Ripple, and Circle are also seeking national trust banking licenses.
The Custodia ruling is seen as a "speed bump," while TD Cowen says it won't prevent crypto banks from applying for master accounts.
Share to:
Follow PANews official accounts, navigate bull and bear markets together
x402 Protocol: A New Standard for Agent Payments
The x402 protocol aims to solve the core payment dilemma in the AI Agent economy through blockchain technology, providing an autonomous and low-cost on-chain payment solution for high-frequency, small-amount transactions between AI Agents.
Pioneer's View: Crypto Celebrity Interviews
Exclusive interviews with crypto celebrities, sharing unique observations and insights
PAData: Web3 in Data
Data analysis and visual communication of industry hot spots help users understand the meaning and opportunities behind each data.
A complete review of the 1011 encryption storm
An in-depth review of the epic liquidation events of October 11: from the Trump tariff black swan event to high-leverage margin calls, stablecoin depegging, and market maker liquidity depletion.
ETHShanghai 2025: Discussing the Future of Ethereum
The theme of this conference is "Expanding Ethereum, Shaping an Open Future". It is co-hosted by the Chinese-speaking blockchain builder community ETHPanda, Wanxiang Blockchain Labs, PANews and TinTinLand.
AI Agent: The Journey to Web3 Intelligence
The AI Agen innovation wave is sweeping the world. How will it take root in Web3? Let’s embark on this intelligent journey together