# Jeff Schmid

Type: Person

Source: GetYourBrief — https://getyourbrief.com/entity/jeff-schmid
Canonical HTML page: https://getyourbrief.com/entity/jeff-schmid

## Timeline

- **2026-03-04**: Historic Approval — Federal Reserve Bank of Kansas City officially grants Kraken Financial direct access to Fedwire.
- **2021**: Regulatory Standoff — Prolonged legal and regulatory scrutiny over crypto firms' access to Fed master accounts.
- **2020-09-16**: Kraken Receives Charter — Kraken Financial becomes the first firm to receive an SPDI charter in Wyoming.
- **2019-01-01**: Wyoming SPDI Law — Wyoming passes legislation creating the Special Purpose Depository Institution (SPDI) framework.

## Recent coverage (3 stories, network-wide)

### Kraken Financial Secures Historic Fed Access in Watershed Moment for Crypto
2026-03-05 00:36:08 · Sector: startups · Sentiment: Positive · Impact: 8/10 · Sources: 2

The Federal Reserve Bank of Kansas City has granted Kraken Financial direct access to the Fedwire payment system, marking the first time a cryptocurrency-native firm has bypassed traditional banking intermediaries. This 'master account' approval allows Kraken to settle transactions directly on the nation's core financial rails, potentially reshaping the $2.3 trillion digital asset industry.
Full story: https://getstartupbrief.com/story/kraken-financial-fed-master-account-access

### Kraken Financial Secures Historic Direct Access to Federal Reserve Payments
2026-03-05 00:35:34 · Sector: crypto · Sentiment: Positive · Impact: 8/10 · Sources: 2

Kraken Financial has become the first cryptocurrency-native institution to gain direct access to the Federal Reserve's payment systems, specifically Fedwire. This landmark decision by the Federal Reserve Bank of Kansas City ends years of industry exclusion and allows for faster, more efficient settlement without intermediary banks.
Full story: https://getcryptobrief.com/story/kraken-financial-fedwire-access-historic-victory

### Kraken Financial Secures Historic Fed Master Account for Crypto Banking
2026-03-05 00:34:26 · Sector: legal · Sentiment: Positive · Impact: 8/10 · Sources: 2

The Federal Reserve Bank of Kansas City has granted Kraken Financial direct access to the Fedwire payment system, marking the first time a cryptocurrency-native institution has bypassed traditional intermediary banks. This milestone provides Kraken with a limited master account, signaling a significant shift in the regulatory landscape for digital asset integration within the U.S. financial core.
Full story: https://getlegalbrief.com/story/kraken-financial-fed-master-account-access

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