Fox reporter: Crypto bank Custodia Bank will further lay off employees to save costs

according to Fox Business reporter Eleanor Terrett, the Wyoming-based crypto bank Custodia Bank will further lay off employees to save costs.

The oral arguments for Custodia's lawsuit against the Federal Reserve will take place on January 21, coinciding with the second day of Trump's inauguration.

Custodia CEO Caitlin Long stated, "I am incredibly proud of the Custodia team, the services we build for our clients, and our resilience during multiple innocent 'debanking' incidents. I especially thank Custodia's clients and shareholders who help us continue to fight for lasting banking access for the compliant U.S. crypto industry."