The Federal Reserve withdrew its 2023 policy statement that effectively barred banks from crypto activities and denied Custodia Bank’s master account application. The move comes as Wyoming-chartered Custodia pursues a full-court appeal of its master account denial, while regulatory agencies expose widespread debanking practices that systematically excluded crypto firms from traditional banking services between 2020 and 2023. Vice Chair for Supervision Michelle Bowman said the policy shift creates pathwa ...