Federal Reserve Approves Kraken as First Crypto Bank with Direct Payment Access

The Federal Reserve has officially granted Kraken approval to operate as the first cryptocurrency bank with direct access to the federal payment system. This historic milestone marks a significant integration of digital asset services into traditional financial infrastructure. By providing a regulated bridge for institutional capital, the move is expected to enhance market legitimacy and security. Analysts suggest that this regulatory breakthrough could provide the necessary momentum to push Bitcoin's price toward the $100,000 mark. The decision underscores a shifting regulatory landscape that increasingly recognizes the role of digital assets in the global economy. Market participants view this as a major catalyst for institutional inflows into the broader crypto ecosystem.