Former US Solicitor General Donald Verrilli, along with other prominent figures, has joined Custodia Bank in appealing for a Master Account from the Federal Reserve.

The bank's rejection was due to its ties to the crypto industry, raising concerns about regulatory hurdles for digital asset firms.

An amicus brief argues that this rejection is part of a deliberate attempt to 'debank' crypto firms.

The brief references potential implications from a recent Supreme Court decision on regulatory deference.

The debate around crypto regulations is intensifying, with the US House of Representatives set to vote on a resolution affecting banks handling crypto.

This development occurs amid rising political interest in digital assets ahead of the 2024 US elections.

There is surprising bipartisan support for crypto-friendly policies from key political figures.