How the Financial Sector Views Kraken’s ‘We’re the Bankers Now’ Claim
Senator Cynthia Lummis praised the Federal Reserve's decision as a watershed moment that validates Wyoming’s regulatory framework for digital assets.
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tl;dr
Kraken Financial secured access to the Federal Reserve’s payment system via a limited master account, a move Senator Cynthia Lummis called a "watershed moment." Traditional banking groups warned the decision creates regulatory risks by disintermediating established banks.
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CMCynthia M. LummisR-Wyoming
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