Kraken Co-Founder Jesse Powell Slams SEC

Coinscreed
Coinscreed

21 Nov 2023 7:24 AM

Jesse Powell, co-founder of Kraken, has accused the US SEC of violating the cryptocurrency exchange's regulations and has vowed to retaliate. Kraken...

  • Jesse Powell, co-founder of Kraken, accuses the US SEC of violating the cryptocurrency exchange's regulations and vows to retaliate.
  • Powell responds angrily to the lawsuit filed by the SEC against Kraken, calling SEC chairman Gary Gensler a "masochist" and accusing the SEC of hindering technological progress.
  • Powell believes that a previous $30 million settlement with the SEC resolved all concerns, but the SEC continues to pursue Kraken.
  • Kraken rejects the SEC's allegations of being an unregistered national securities exchange, merchant, and clearing house and is preparing a strong defense.
  • Powell criticizes the SEC's actions as capricious and arbitrary, and highlights the hypocrisy of the regulator.
  • Powell intends to defeat the SEC in the current confrontation.

The sentiment in the article is negative, as Jesse Powell expresses anger towards the SEC and criticizes its actions.

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KrakenSECcryptocurrency exchangeregulationsretaliation#Jesse Powell#Kraken exchange#SEC

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