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American Action Forum Issues Commentary: Kraken and the Problem of Who Should Have Access to a Fed Master Account
March 06, 2026
WASHINGTON, March 6 -- The American Action Forum issued the following commentary on March 5, 2026, by Director of Financial Services Policy Thomas Kingsley:

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Kraken and the Problem of Who Should Have Access to a Fed Master Account

Executive Summary

* The decision by the Federal Reserve to grant a limited master account to the crypto exchange Kraken marks a notable shift in the long-running debate over who may access the central bank' . . .

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