menuIcon
$ 94,803.7
BTC
$ 94,803.7
0.43 %
$ 1,819.09
ETH
$ 1,819.09
0.56 %
$ 0.6666
ADA
$ 0.6666
-1.47 %
$ 598.34
BNB
$ 598.34
1.90 %
$ 146.83
SOL
$ 146.83
1.97 %
Sandeep Kumar Mishra
Feb 20, 2023
by Sandeep Kumar Mishra

Kraken CEO Not Impressed With Crypto Regulators

Kraken CEO Crypto Regulators
Kraken CEO Jesse Powell has once more lashed out at crypto regulators, pointing out that they have been supporting the bad guys in cryptocurrency while treating the good guys as enemies. 

Kraken CEO Laments Crypto Regulators’ Support for Bad Guys

Powell detailed the chain of events that caused the blow-ups by the bad guys to destroy a lot of capital and resources in the crypto ecosystem. Investors lose money as a result, which discourages adoptions. In the end, it gives the regulators "air cover" to attack good actors.

The CEO of Kraken stated that regulators have been disregarding their warnings regarding scams and fraud. Caitlin Long, CEO of Custodian Bank, has also voiced her support for Powell's position.

Additionally, crypto-friendly SEC Commissioner Hester Pierce stated that the SEC's decision to shut down Kraken's staking services sets an incorrect precedent in the market.

Gemini's CEO Echoes Powell's Remarks

Jesse Powell's comments on the lack of regulatory clarity in the US and the West have been echoed by several prominent figures in the crypto industry, leading to a major setback for crypto firms operating in the region. Cameron Winklevoss, the CEO of Gemini exchange, is among those who have expressed similar concerns.

Follow us on: News
Gemini Kraken Jesse Powell
Kraken CEO Not Impressed With Crypto Regulators
Sandeep Kumar Mishra
Sandeep is an avid cryptocurrency enthusiast and a keen & passionate blogger. He has a strong mix of skills in the areas of computer networking, cryptography, algorithms, and data structures and specializes in ERC20 tokens. Lately, he is taking a lot of interest in blockchain-powered AI solutions, about which he is also reading and writing extensively. He has to his name dozens of deeply researched articles about cryptocurrencies, blockchain, AI, and IoT. Apart from that, he loves to keep track of the latest trends in social media and digital marketing space. Also, as a huge proponent of blockchain and cryptocurrencies, Sandeep tries to deliver all the latest cryptocurrency news to ardent crypto supporters like yourselves. If you like his content, feel free to follow him on LinkedIn.

Top Picks