Crypto bank Custodia files petition for a rehearing by all appellate judges

Custodia bank has filed a petition for a rehearing by all appellate judges, arguing that the previous ruling undermined state banking authorities and raised serious constitutional questions. This situation has drawn attention from both regulatory bodies and industry stakeholders, with concerns about the implications on Custodia's financial condition and future operations. Market participants need to monitor the developments closely, particularly how the court's decision might affect overall market confidence. The broader context of emerging regulations could potentially shape the outcome of Custodia's operations and influence the crypto market at large.