La crypto entrera dans le système bancaire américain par une porte dérobée et non par la réglementation

For most of its life, crypto lived outside the financial system. If you wanted to move dollars in or out of an exchange, that money still had to pass through a regular bank somewhere along the way. Most people assumed it would stay that way until Washington finally decided how to regulate it. But that assumption is now breaking down. In March 2026, a regional Federal Reserve bank approved a limited account for Kraken , the first time a crypto exchange has ever been allowed to plug directly into the US central bank's payment system. More approvals could follow, and the GENIUS Act, passed last year, has cleared a path for ordinary banks to start issuing their own digital dollars. None of this needed a sweeping “crypto law”: it was a series of smaller, technical decisions that have added up and changed the picture entirely. Crypto may not be waiting for permission anymore. It may already be finding a way in. What a “backdoor into the system” actually means The US financial system runs on a set of payment networks operated by the Federal Reserve. Banks use them to move money between each other, settle transactions at the end of the day, and tap dollar liquidity when they need it. The most important, called Fedwire, moves trillions of dollars between banks every single day. To use those networks, an institution needs an account at the Fed, which was historically reserved for licensed banks. Everyone else had to rent access by going through a partner bank that already had one. That's what just changed. Kraken's banking unit now has its own direct line into the Fed's payment system, without routing dollars through another bank first. The account is limited , which means it won't have interest on reserves or access to the Fed's emergency lending, but it lets Kraken settle its own dollar transactions on the same infrastructure banks use. Think of the difference this way: instead of using a third-party app to talk to your bank, you have your own connection to the bank's back