.custodiabank's lawsuit with Federal Reserve drew similarities to Ripple's
in some of the lawsuits involving big crypto entities, he said in the near future, he plans to cover more of these cases through his CryptoLawUS firm.The significance John Deaton attributed to the Custodia Bank v. Federal Reserve lawsuit is such that the outcome of the legal brawl will also set major precedence for the broader crypto ecosystem.
By refusing to deprive the bank of access to a master account, other innovators will not find the right impetus to dive into the industry.The legal battle between Custodia Bank and the Federal Reserve has called for speculation among industry participants as it concerns who has the upper hand to win the case. While it might be too early to judge, the U.S. justice system has proven to be impartial and attempted to stem the jurisdictional powers of the top government agencies.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Coinbase Lawsuit: Here's How Many Want XRP Holders' Lawyer's RepresentationUp to 3,950 Coinbase and Binance users have signed up to be represented by John Deaton
Read more »
Deutsche Bank flags cost cuts as investment bank slump lowers profit By Reuters⚠️BREAKING: *DEUTSCHE BANK SHARES SLIP IN FRANKFURT AS INVESTMENT BANK SLUMP LOWERS PROFIT $DB $DBK 🇩🇪🇩🇪
Read more »
NatWest Bank CEO ousted after furor over politician Nigel Farage's bank accountNatWest, one of Britain's biggest banks, says its chief executive has left her job after discussing personal details of a client — the populist politician Nigel Farage — with a journalist.
Read more »
NatWest Bank CEO ousted after furor over politician Nigel Farage’s bank accountThe chief executive of NatWest, one of Britain's biggest banks, left her job on Wednesday after discussing personal details of a client -- the populist politician Nigel Farage -- with a journalist.
Read more »
Israeli forces kill three young Palestinians in occupied West BankPalestinian media reports 'occupation forces committed the crime of shooting at a car with young men inside it at the top of Mount Gerizim in Nablus' and that one of the killed Palestinians was shot at a close range.
Read more »