Why Ripple May Be Next After Kraken to Get Fed Access, Paul Barron Explains

Cover image via U.Today Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available. As has became official, Kraken, through its banking subsidiary Kraken Financial, has become the first crypto company in history to gain access to the payment system of the U.S. Federal Reserve. This allows the crypto platform to work directly with the U.S. Central Bank, bypassing traditional commercial bank intermediaries. The approval has been granted for an initial trial period of one year. Advertisement According to Paul Barron , the next company that could receive a path to bank-scale settlement is Ripple and its RLUSD stablecoin. Final piece for RLUSD, XRP and Ripple As Barron argues, the case for this is that Ripple has already officially applied for a master account with the Federal Reserve. If the Kraken format proves successful, Ripple and Circle could become the next companies to receive direct access to the Fed’s payment rails, such as Fedwire and FedNow. HOT Stories Hayes Issues Dire Warning About Bitcoin's Impressive Price Rally Crypto Market Review: Bitcoin's (BTC) Best Chance to Break Above $76,380, XRP's Next Week Is Critical, When Will Shiba Inu (SHIB) Finally Bottom? Barron believes Ripple could be next because Ripple’s National Trust Bank Charter was the setup, and it was obtained in December 2025. Direct Fed access would be the final piece for RLUSD to settle at bank scale. Also, for the Clarity Act, momentum is now in the Fed’s hands and the tide is shifting, says Barron. According to him, this is what insiders on the scene are seeing right now. Advertisement UPDATE: @krakenfx just bridged the gap. 🌉 And why it matters for @Ripple By securing a Federal Reserve Master Account, Kraken is no longer "outside" the system; it is on the same Fedwire rails as JP Morgan and Goldman Sachs. This is BIG! Why I think @Ripple is next Ripple’s… — PaulBarron (@paulbarron) March 4, 2026 You Might Also Like Wed, 03/04/2026 - 05:34 Ripple CEO Says Clarity Act Is About Protecting Interests of Americans By Alex Dovbnya In fact, Ripple is the first crypto-native company with a federal banking charter. As for the Clarity Act, it has already passed the House of Representatives but is currently stalled in the Senate due to disputes over stablecoin yield provisions. Ripple CEO Brad Garlinghouse estimates the probability of the law being adopted before the end of April 2026 at about 80%, meaning, within the next two months. Advertisement Whether the fact that Kraken received access to Fedwire makes the way for Ripple will likely become clear by April. If Kraken has already obtained it, then the first domino has fallen, and further developments could accelerate from there. #Ripple News #RLUSD #Federal Reserve