U.S. Representative Maxine Waters questions the Kansas City Federal Reserve's approval of the Kraken "simplified" main account.

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PANews reported on March 27 that, according to CoinDesk, U.S. Representative Maxine Waters questioned the Kansas City Federal Reserve Bank's approval of Kraken's eligibility for a "limited purpose account" in the Federal Reserve Payments System. Waters demanded clarification on the basis for the approval and the compliance assessment standards.

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