On March 27, Democratic lawmakers are seeking an explanation from the Kansas City Federal Reserve regarding Kraken's approval for a main account. Kraken has become the first cryptocurrency exchange to access the Federal Reserve's payment system through a limited-purpose account. Meanwhile, Custodia Bank has been fighting for equal access rights for five years but lost in court this week with a 7-3 vote. House Financial Services Committee Chair Maxine Waters questioned the Kansas City Fed, asking, 'Why is the approval process for a cryptocurrency exchange faster than that for a licensed bank?' She has requested a written response from the Fed by April 10.