[ICBA Urges Kansas City Fed to Reassess Kraken's Limited-Use Fed Account] According to CryptoSlate, the community banking organization ICBA has sent a letter to the Kansas City Federal Reserve, requesting a reassessment of Kraken Financial's compliance before the expiration of its one-year limited-use Fed account, with considerations to further restrict or terminate it. ICBA argues that the account has failed to adequately address anti-money laundering and fraud risks associated with crypto-related entities, citing FBI data that projects approximately 13,500 complaints related to crypto ATMs by 2025, with losses estimated at around $389 million. Kraken obtained the account in March of this year, granting it access to the Federal Reserve's core payment system, Fedwire. The Kansas City Fed retains discretion over the account's terms and renewal, and no termination procedures have been initiated at this time.