Judge Cancels Trial in Custodia vs Fed Case, Summary Judgment Looms

In a recent development in the legal battle between Custodia Bank and the US Federal Reserve (Fed), a federal judge has canceled the scheduled trial, indicating that a decision based on summary judgment is forthcoming. This move is a critical juncture in a case that has wider implications for the cryptocurrency industry in the United States, particularly in the context of the government’s Operation Chokepoint 2.0 strategy, which is perceived as an effort to limit the crypto sector’s access to banking services.