The Blockchain Association has publicly supported Custodia in its Supreme Court case concerning access to the Federal Reserve's payment system for state-chartered banks. This legal challenge focuses on whether the Federal Reserve can broadly deny eligible state banks direct access to its infrastructure.
According to CoinTelegraph, the Blockchain Association contends that the Federal Reserve should not have wide discretion to exclude qualified state-chartered banks from direct access to its payment network. The case could have significant implications for how banks, including those involved in digital assets, interact with the Fed.
For Japanese markets, where regulatory clarity around banking and digital finance continues to evolve, this case highlights ongoing global debates about access and inclusion in central banking systems for innovative financial institutions.