According to news on November 26, the board of directors of crypto bank Custodia Bank voted this week to further reduce the scale of operations and retain capital in response to the major crypto policy reforms to be introduced by the new government in Washington. The bank stated that the move will retain its core businesses such as its banking license, API-based real-time payment and Bitcoin custody platform, and bank patents for issuing stable coins. Caitlin Long, founder and CEO of Custodia Bank, said that despite facing multiple unjustified delistings from the bank, she is satisfied with the team, customer service and team resilience. In August this year, affected by the Biden administration’s crypto-asset regulatory policies, Custodia Bank laid off 9 of its 36 employees to save resources in response to legal proceedings with the Federal Reserve. The bank is seeking master account access, which would give it direct access to the Fed's liquidity facilities and avoid incurring additional costs through other institutions.