US Lawmaker Questions Kansas Fed Over Kraken's Federal Reserve Account Approval

Rep. Maxine Waters has formally requested the Kansas City Federal Reserve to clarify Kraken's master account approval, granted in March 2026. This move is significant as it may influence future cryptocurrency banking regulations and set a precedent for other crypto firms seeking Fed access. The Fed's response by April 10 will be pivotal in determining how this case impacts the industry’s regulatory landscape.