Custodia Bank Supreme Court petition receives Blockchain Association amicus brief support while Kansas City Fed deadline moves to September 11 amid master account access fight.

According to Eleanor Terrett, over a dozen crypto and fintech companies are currently applying for bank charters to expedite their access to the Federal Reserve. This strategic move aims to secure master accounts, vital for direct participation in the financial system. Additionally, an executive order from the White House urging the Fed to consider granting these accounts to crypto firms is reportedly under deliberation. This development could significantly impact trading operations and liquidity management for these companies.