‘Constitutional Quicksand’: Crypto Bank Petitions for Tenth Circuit En Banc Review

In the petition for rehearing en banc, Custodia Bank Inc. warned that the ruling by the U.S. Court of Appeals for the Tenth Circuit provided the Federal Reserve Bank with “plenary power, with no judicial review, over whether a bank shall live or die.”

       

In the petition for rehearing en banc, Custodia Bank Inc. warned that the ruling by the U.S. Court of Appeals for the Tenth Circuit provided the Federal Reserve Bank with “plenary power, with no judicial review, over whether a bank shall live or die.”