denial

According to Bloomberg, the crypto bank Custodia Bank has submitted a petition to the U.S. Supreme Court, requesting a review of its case regarding "being unlawfully denied access to the Federal Reserve payment system." Custodia applied for a master account access with the Kansas City Fed in 2020, but the Federal Reserve denied it in 2023 on the grounds that its "business model focuses on activities related to crypto assets."Custodia filed a lawsuit, but the Tenth Circuit Court of Appeals upheld the Federal Reserve's decision. In the petition, Custodia stated that the case raises "extremely important questions"—whether regional Federal Reserve banks can veto state bank charter decisions by denying access to central bank payment services.Custodia founder and CEO Caitlin Long stated that Wyoming has created a crypto-friendly environment through dozens of laws, but the Kansas City Fed chair "disagrees with Wyoming's policy choices." The Supreme Court will decide whether to hear the case after the October recess.

The U.S. Department of Justice has warned internal staff that Binance may reduce its level of cooperation in cryptocurrency-related cases in the future.In response, Binance stated that the relevant reports are not true, and that the company's cooperation with law enforcement agencies has not changed and will not change.

According to Cointelegraph, the U.S. Commodity Futures Trading Commission (CFTC) announced on June 4 the abolition of the "no denial" policy that had been in place for nearly 30 years. This policy, in effect since 1998, required defendants to commit to not publicly denying the CFTC's allegations when settling.CFTC Chairman Mike Selig stated that this move aligns with the overall direction of various government regulatory agencies and grants the commission greater flexibility in enforcement settlements. Previously, the SEC had taken the lead in abolishing a similar policy in May.

ChainCatcher news, OpenAI CEO Sam Altman's sister Ann Altman filed a lawsuit on Monday, accusing her brother of frequently sexually abusing her from 1997 to 2006.The lawsuit was filed in the U.S. District Court for the Eastern District of Missouri, alleging that the abuse occurred at their home in Clayton, Missouri, starting when Ann was 3 years old and Sam was 12. The lawsuit claims that the abusive behavior "occurred several times a week." It states that "as a direct and proximate result of the aforementioned sexual assault," the plaintiff has experienced "severe emotional distress, mental anguish, and depression, which is expected to continue."Ann has previously publicly accused her brother of sexual abuse on platforms like X, but this is her first time taking him to court. The lawsuit seeks a jury trial and damages exceeding $75,000.In a joint statement with their mother and brother posted on X, Sam Altman denied the allegations.

ChainCatcher message, Friend.tech stated that the application experienced performance issues today due to a denial of service attack on its chat server. The application has now returned to normal operation.