According to The Block, after the Federal Reserve approved Kraken Financial for a master account, U.S. banking groups quickly voiced their opposition. U.S. banking organizations expressed being 'deeply concerned' about the approval, arguing that granting such accounts before the relevant policy framework is fully clarified lacks transparency in the approval process and risk mitigation measures. ICBA also stated it is 'very concerned' about this decision, believing that granting master account access to non-traditional banks/crypto institutions could pose risks to the banking system. https://www.(wublock123.com)/index.php?m=content&c=index&a=show&catid=6&id=57590