Coin Bureau|Mar 27, 2026 08:30
🚨BREAKING: Democrat Lawmakers are demanding answers from the Kansas City Fed over Kraken's master account approval.
It became the first crypto exchange to secure a Fed payment system access via a "limited-purpose account."
Meanwhile, Custodia Bank fought for 5 years for the same access and lost 7-3 in court this week.
Rep. Waters to the KC Fed: "Explain how a crypto exchange got approved faster than a chartered bank?”
Waters wants a written response by April 10.(Coin Bureau)
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