The US Federal Reserve rejects Custodia Bank's application to become a Federal Reserve System member, citing safety risks with its crypto-focused business model (Hannah Lang/Reuters)

Hannah Lang / Reuters:The US Federal Reserve rejects Custodia Bank's application to become a Federal Reserve System member, citing safety risks with its crypto-focused business model  —  The U.S. Federal Reserve on Friday rejected crypto-focused Custodia Bank's application to become a member of the Federal Reserve System …

The US Federal Reserve rejects Custodia Bank's application to become a Federal Reserve System member, citing safety risks with its crypto-focused business model (Hannah Lang/Reuters)

Hannah Lang / Reuters:
The US Federal Reserve rejects Custodia Bank's application to become a Federal Reserve System member, citing safety risks with its crypto-focused business model  —  The U.S. Federal Reserve on Friday rejected crypto-focused Custodia Bank's application to become a member of the Federal Reserve System …