Kraken: First Crypto Firm Granted Access to Fed’s Core Payments System
The article mentions the Trump administration's pro-crypto regulatory environment as a key factor in the Fed's decision.
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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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