Kraken: First Crypto Firm Granted Access to Fed’s Core Payments System
Senator Lummis celebrated the Federal Reserve's approval of Kraken's master account as a victory for Wyoming's digital asset regulations.
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Kraken becomes first crypto company to secure Fed master account access3 articles·3 sources
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tl;dr
The Federal Reserve granted Kraken Financial a master account, making it the first crypto firm with direct access to the U.S. central bank's payment rails. This historic move enables direct dollar settlement but faces sharp criticism from traditional banking associations.
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CMCynthia M. LummisR-Wyoming
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