Cynthia Lummis reposted the post below
“This approval is a watershed moment for the digital asset industry,” @SenLummis said in a statement about @krakenfx approval for a Fed Master account.
“The Federal Reserve has acknowledged what I’ve always said was the case—that a digital asset company can balance innovation with strong risk management. Though approval took five and a half years, the Fed’s actions—at long last—validate Wyoming’s thoughtful regulatory framework. I look forward to resolution of further pending applications in the coming weeks. I congratulate Kraken, the Kansas City Fed, and the Board of Governors for this monumental step towards making payments safer, faster, and cheaper.”
2026-03-04T14:49:42.000Z