A U.S. appellate court has ruled against Custodia Bank, the Wyoming-based crypto-focused institution founded by former Morgan Stanley executive Caitlin Long, in its long-running battle to gain direct access to the Federal Reserve’s payment system. In a decision filed Friday, the U.S. Court of Appeals for the Tenth Circuit affirmed an earlier ruling from the District of Wyoming that sided with the Federal Reserve Board of Governors and the Federal Reserve Bank of Kansas City. Source: Court Listener Tenth ...