Wyoming GOP Senator Cynthia Lummis, a vocal advocate for Bitcoin (CRYPTO: BTC), praised Kraken getting access to the Fedwire payment system as a breakthrough for integrating digital assets with traditional finance.

Lummis said in a CNBC interview on Wednesday that Kraken qualified under Wyoming’s Special Purpose Depository Institution (SPDI) framework, a regulatory structure designed specifically for crypto-focused financial institutions.

According to Lummis, the approval creates a new pathway for direct integration between fiat dollars and digital assets, allowing Americans easier access to crypto-related financial services.

She also criticized the Biden administration, saying earlier…

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