Crypto bank Custodia has filed for a retrial in its lawsuit against the Federal Reserve with the appeals court.

In its legal battle with the Federal Reserve, Custodia Bank has filed for a full review with the U.S. Court of Appeals for the Tenth Circuit. The bank argues that the Fed's refusal to grant it a master account undermines the authority of state banks and raises constitutional issues. Custodia Bank is asking the court to reconsider its October ruling, which upheld the Fed's decision to deny the bank access to core central bank payment services. This battle has set a precedent for cryptocurrency banks accessing the U.S. payment system. (CoinDesk)