The Blockchain Association has come out in support of Custodia in its Supreme Court battle against the Federal Reserve over access to the central bank's payment system.
The Blockchain Association argues that the Fed should not have broad discretion to deny eligible state-chartered banks direct access to its payment system, according to reporting from CoinTelegraph.
This development is part of a larger case in which Custodia is fighting for access to the Fed's payment system, which is crucial for the operations of banks and other financial institutions.