Kraken just got a Fed master account, the same direct access to US payment systems that big banks have guarded for decades The entire banking establishment is in meltdown Community bankers (ICBA) call it a 'significant risk' to the financial system. The group repping JPMorgan, Goldman and Wells Fargo (BPI) says the Fed broke its own rules to make it happen. Honestly? Can't blame them. When you've spent decades building a moat around your industry, the last thing you want is someone walking across it with a better product."(Lark Davis)