Svmuu News: The Independent Community Bankers of America (ICBA) has sent a letter to the Federal Reserve Bank of Kansas City, requesting that it reassess Kraken Financial’s compliance prior to the expiration of its one-year limited-use Fed account and consider imposing further restrictions or terminating the account.The ICBA believes the account fails to adequately address anti-money laundering and fraud risks associated with crypto-related entities, citing FBI data indicating approximately 13,500 complaints related to crypto ATMs in 2025, resulting in losses of about $389 million.Kraken obtained the account in March of this year, granting it access to the Federal Reserve’s core payment system, Fedwire (Federal Reserve). The Federal Reserve Bank of Kansas City has discretion over the terms and renewal of the account and has not yet initiated termination proceedings.