Top Democrat on House committee questions Kraken's Federal Reserve account

Maxine Waters, who would likely take the House Financial Services Committee gavel again if Democrats win the House, sent a letter to the Kansas City Fed. What to know : Kraken's recent victory in getting a limited version of a Federal Reserve master account is under some scrutiny from a senior lawmaker in the U.S. House of Representatives. Representatives Maxine Waters, the senior Democrat in the House Financial Services Committee, sent a letter to the president of the regional Fed bank that approved the first-ever account for a crypto firm. Her questions may carry additional weight as the calendar progresses toward this year's congressional elections in November, when the majority could swing to her Democratic Party.