NEW: Kraken just became the FIRST BITCOIN FIRM in history TO ACCESS THE FEDERAL RESERVE'S PAYMENT RAILS. Kraken now settles directly on Fedwire, the interbank system moving more than $4 trillion per day. No more routing through intermediary banks. No more middlemen with the power to pull the plug. The same leverage legacy institutions used to strangle crypto during Operation Chokepoint 2.0? Significantly weakened. Yes, it's a limited "skinny" account. Payments only. No discount window, no commercial banking powers. But the Fed just used Kraken as a pilot program for a framework that opens the door to every serious crypto firm that follows. Custodia, Anchorage, Ripple's U.S. banking partner all have applications in the queue. The precedent is set. For years the existential threat to this industry wasn't volatility or bad PR. It was banking access. The ability of hostile actors to cut crypto off from the dollar system entirely. That chokepoint just got a lot harder to operate.