{"id":78010,"date":"2026-03-27T10:46:36","date_gmt":"2026-03-27T10:46:36","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=78010"},"modified":"2026-03-27T10:46:36","modified_gmt":"2026-03-27T10:46:36","slug":"maxine-waters-seeks-clarity-on-kansas-city-feds-approval-giving-this-crypto-exchange-access-to-critical-financial-infrastructure","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=78010","title":{"rendered":"Maxine Waters Seeks Clarity On Kansas City Fed&#8217;s Approval Giving This Crypto Exchange Access To &#8216;Critical&#8217; Financial Infrastructure"},"content":{"rendered":"<div>\n<p>Rep.\u00a0<strong>Maxine Waters<\/strong>\u00a0(D-Calif.)\u00a0sought further information on Thursday on the decision to grant cryptocurrency exchange Kraken access to Federal Reserve services.<\/p>\n<h2 class=\"wp-block-heading\">Waters Says Approval Lacks Transparency<\/h2>\n<p>Waters, the leading Democrat on the House Committee on Financial Services, penned a <a href=\"https:\/\/democrats-financialservices.house.gov\/news\/documentsingle.aspx?DocumentID=415287\">letter<\/a> to\u00a0<strong>Jeff Schmid<\/strong>, President and CEO of the\u00a0Federal Reserve Bank of Kansas\u00a0City, requesting details about the bank\u2019s recent approval of a \u201climited purpose account\u201d for\u00a0Kraken.<\/p>\n<p>This approval\u2014the first in U.S. history for a cryptocurrency company\u2014gives Kraken direct access to Fedwire, the core payment infrastructure used by thousands of U.S. banks and credit unions.<\/p>\n<p>Waters expressed her apprehensions about this development. She argued that access to the nation\u2019s \u201ccritical\u201d financial infrastructure should not be granted without complete transparency, a clear legal basis and assurance that risks are being adequately managed.<\/p>\n<p>Waters also pointed out that the Kansas City Fed\u2019s announcement \u201cdid not disclose specific information\u201d about Kraken\u2019s access to the Federal Reserve\u2019s range of &#8230;<\/p>\n<p><a href=\"https:\/\/www.benzinga.com\/crypto\/cryptocurrency\/26\/03\/51503061\/maxine-waters-seeks-clarity-on-kansas-city-feds-approval-giving-this-crypto-exchange-access?utm_source=benzinga_taxonomy&amp;utm_medium=rss_feed_free&amp;utm_content=taxonomy_rss&amp;utm_campaign=channel\" alt=\"Maxine\" waters seeks clarity on kansas city fed approval giving this crypto exchange access to financial infrastructure>Full story available on Benzinga.com<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Rep.\u00a0Maxine Waters\u00a0(D-Calif.)\u00a0sought further information on Thursday on the decision to grant cryptocurrency exchange Kraken access to Federal Reserve services. Waters Says Approval Lacks Transparency Waters, the leading Democrat on the House Committee on Financial Services, penned a letter to\u00a0Jeff Schmid, President and CEO of the\u00a0Federal Reserve Bank of Kansas\u00a0City, requesting details about the bank\u2019s recent [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-78010","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/78010","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=78010"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/78010\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=78010"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=78010"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=78010"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}