This week in the world of cryptocurrency was nothing short of eventful. From a crypto exchange gaining unprecedented access to Federal Reserve services to Ethereum outperforming the S&P 500 during wartime, the crypto market has been buzzing with activity. Here’s a quick recap of the top stories that made headlines.
Maxine Waters Questions Fed’s Approval Of Crypto Exchange
Rep. Maxine Waters (D-Calif.) has sought further clarification on the decision to grant cryptocurrency exchange Kraken access to Federal Reserve services. This approval, a first in U.S. history for a cryptocurrency company, gives Kraken direct access to Fedwire, a core payment infrastructure used by thousands of U.S. banks and credit unions.
