https://www.coindesk.com/policy/2024/03/29/custodia-bank-loses-lawsuit-challenging-fed-rejection-of-master-account-application/

Judge Scott Skavdahl, of District of Wyoming, denied Custodia's motion for judgement on Friday, writing that federal laws do not require the nation's central bank to give every eligible depository institution access to its master account system, nor did the provided evidence suggest that the Federal Reserve Board of Governors influence a regional branch of the Fed to deny its application for an account.