U.S. Representative Maxine Waters questions the Kansas City Federal Reserve's approval of the Kraken "simplified" main account.

CoinFeed reported on March 27 that, according to CoinDesk, U.S. Representative Maxine Waters questioned the Kansas City Federal Reserve Bank's approval of Kraken's eligibility for a "limited purpose account" in the Federal Reserve Payments System. Waters demanded clarification on the basis for the approval and the compliance assessment standards.