Custodia said it may request a rehearing on the matter, after a panel of judges ruled 2-1 to affirm a district court’s prior ruling denying the crypto bank Fed access.
A class-action lawsuit accuses Drake and Adin Ross of making millions off misleading ads for Stake, a social casino alleged to be an illegal gambling operation.
In a letter sent to the SEC and Department of Labor, the senators warned that the Trump admin’s push to expose the $31 trillion retirement savings industry to crypto could end in disaster.
Twitter co-founder Jack Dorsey previously gave $21 million to support OpenSats, which backs Bitcoin developers. Tether gave $250,000 to the nonprofit this week.