JPMorgan and BofA backed group slams Fed's latest approval

The Federal Reserve's approval of Kraken Financial's master account, granting a crypto bank direct access to the U.S. payment system, is a reckless move. It happened *before* the Fed finalized its own policy framework for such accounts, ignoring major banking groups' warnings about significant BSA/AML risks and a lack of transparency. Is the Fed prioritizing crypto integration over financial stability?
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