Kraken Founder Jesse Powell has warned of “new threats to the industry’s reputation” following the saga that forced Binance Founder Changpeng Zhao to step down. Stopping short of celebrating the results of the Binance investigation, Powell expressed that the decision made the industry feel “more fair” despite the emergence of “New Threats”.
There is no doubt that the US and EU are taking a harsh stance on cryptos.
The SEC is Also Going After Kraken
Powell, who stepped down as Kraken’s CEO back in April, has become one of the most important players in the crypto industry, especially in the United States. The exchange Powell co-founded back in 2011 has become one of the only companies to operate from American soil, which has made it highly susceptible to regulatory scrutiny.
When the Securities and Exchange Commission (SEC) and other regulators were cracking down on crypto, many believed that exchanges…
