Kraken Fed Access Could Drive Bitcoin Services in US Banks: Lummis

TLDR Kraken secured access to a Federal Reserve master account through Wyoming’s special-purpose depository institution framework. Senator Cynthia Lummis said the approval could advance Bitcoin adoption within traditional banking institutions. Kraken became the first digital asset firm to gain access to the Federal Reserve’s payment rails. Lummis stated that regulators can now apply safety and [...]

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