Crypto to enter the US banking system through a backdoor, not through regulation
CryptoSlate
Cryptocurrency is integrating into the US banking system through technical regulatory decisions rather than a single comprehensive law.Summary
Rather than waiting for sweeping legislation, cryptocurrency is gaining direct access to the US banking system through incremental policy shifts and technical approvals. A key development includes a regional Federal Reserve bank granting Kraken direct access to its payment system, bypassing traditional intermediary banks. While this integration offers potential benefits like increased legitimacy and efficiency, critics warn it could introduce systemic risks and financial contagion. As major institutions like JPMorgan and Citi begin exploring digital asset custody, the boundary between decentralized finance and traditional banking continues to blur quietly.
(Source：CryptoSlate)