On November 26th, the board of directors of crypto bank Custodia Bank voted this week to further downsize its operations and preserve capital in response to the major crypto policy reforms that are about to be introduced by the new government in Washington. The bank said the move would preserve its core businesses such as banking licenses, API-based real-time payments and bitcoin custody platforms, and bank-issued stablecoin patents. Caitlin Long, founder and CEO of Custodia Bank, said he is satisfied with the team, Client Server, and the resilience of the team despite the plight of multiple gratuitous deletions from the bank. In August this year, due to the Biden administration's crypto asset regulation policy, Custodia Bank has laid off 9 of its 36 employees to save resources for legal action with the Federal Reserve. The bank is fighting for access to the master account, which will give it direct access to the Federal Reserve's liquidity facilities and avoid incurring additional costs through other institutions.