deep dive on a newfound approach to getting a Fed master account known as "suing your regional federal reserve branch in an attempt to get #SCOTUS to force the #FederalReserve to give a Fed master account to every asshole who wants one." this strategy was pioneered by #Wyoming crypto #SPDI¹ #Custodia a few years ago.

there's a parallel lawsuit to undermine the enforcement of all #moneylaundering laws that's also given some examination.

https://bankregblog.substack.com/p/ninth-circuit-considers-master-account

¹ "special purpose depository institution", a piece of nonsense Wyoming came up with to get around regulations on things called "banks"

#CBW #CBWBank #FDIC #CustodiaBank #Banking #bank #cryptocurrency #crypto #bitcoin #Fed #JeromePowell