Wyoming GOP Senator Cynthia Lummis, a vocal advocate for Bitcoin (CRYPTO: BTC), praised Kraken getting access to the Fedwire payment system as a breakthrough for integrating digital assets with traditional finance. Lummis said in a CNBC interview on Wednesday that Kraken qualified under Wyoming's Special Purpose Depository Institution (SPDI) framework, a regulatory structure designed specifically for crypto-focused financial institutions.
'Bitcoin Senator' Lummis Touts Kraken's Fed Access As Progress, But Not Everyone Agrees
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Sen. Cynthia Lummis praises Kraken for gaining access to the Federal Reserve's Fedwire payment system, saying in a CNBC interview on Wednesday that Kraken qualified under Wyoming's Special Purpose Depository Institution (SPDI) framework.
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