‘Ripple Is Next For Fed Access,’ XRP Commentator Says—But Is That True?

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Journalist and crypto commentator Paul Barron argues Ripple (CRYPTO: XRP) is next in line for Federal Reserve master account access after Kraken secured approval, but critics point out Kraken applied in 2020 while Ripple applied in 2025, suggesting years-long wait.

The Kraken Precedent

Kraken Financial received approval from the Federal Reserve Bank of Kansas City for a limited-purpose account granting direct access to Fedwire, the core payment infrastructure used by thousands of U.S. banks.

The approval makes Kraken the first crypto company in U.S. history to secure Fed master account access.

Kraken first applied in 2020, spending more than five years in the queue as regulators under the…