HomeBusinessU.S. Federal Reserve rejects crypto-focused bank’s application to be supervised by the FedFILE PHOTO: The U.S. Federal Reserve building is pictured in Estimated read time 1 min read FILE PHOTO: The U.S. Federal Reserve building is pictured in FILE PHOTO: The U.S. Federal Reserve building is pictured in Washington, March 18, 2008. REUTERS/Jason Reed/File Photo