Master Account

Highlights: President Trump ordered a review of rules that may limit fintech and crypto firms. The Fed will study whether crypto firms can access payment accounts directly. Regulators must identify barriers, streamline approvals, and maintain proper safeguards. President Donald J. […]

Highlights: Maxine Waters has questioned how Kraken received approval to access the Federal Reserve payment system. The Kraken Master Account gives the crypto firm direct access to Fed payment rails used by banks. Banks have challenged the decision, stating that […]

Highlights: Kraken Financial can now access the Federal Reserve master account system after approval. The approval lets Kraken move dollar funds directly without relying on intermediary banks. More crypto firms are applying for U.S. banking charters as regulators review digital […]