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Lummis Says Kraken Fed Master Account Could Speed Bitcoin Services In Banks
Kraken’s access to a Federal Reserve master account is drawing fresh attention in Washington. Senator Cynthia Lummis said the move could help banks offer Bitcoin services. She spoke about the decision in a Wednesday interview with CNBC. Lummis tied the approval to a broader shift in how banks and crypto firms may work together. She also pointed to tax and rulemaking debates that could shape day-to-day crypto use. Lummis said the master account gives digital asset firms a clearer route into the banking system. She said it lets supervisors apply bank-style checks to crypto-focused institutions. “The Fed finally ... (full story)
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