🚨NEW: Bank trades are coming out against the @krakenfx master account approval. 📌@bankpolicy says the Kansas City Fed front ran the Board’s public comment period and “violated policy” on seeking public comment when it intends to make significant changes to the payments system. 📌@ICBA, on behalf of the nation’s community banks, says they are “very concerned” by the approval because they see crypto as a risk. “Granting nonbank entities and crypto institutions access to the master accounts traditionally limited to highly regulated insured depository institutions poses risks to the banking system.”(Eleanor Terrett)