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 upcoming major crypto policy reforms by the new Washington administration. The bank said the move will retain its core businesses such as banking licenses, API-based real-time payment and Bitcoin escrow platforms, and bank-issued stablecoin patents. Caitlin Long, founder and CEO of Custodia Bank, said that despite facing multiple difficulties of being delisted from the bank for no reason, he is satisfied with the team, customer service and team resilience. In August this year, affected by the Biden administration's crypto asset supervision policies, Custodia Bank laid off 9 of its 36 employees to save resources to deal with legal proceedings with the Federal Reserve. The bank is seeking to obtain master account authority, which would give it direct access to the Fed's liquidity facilities and avoid additional costs through other institutions.