Kraken CEO warns of the potential destruction of the crypto industry due to regulators letting the bad actors get big, citing SEC's action against the exchange.
Jesse Powell, CEO of crypto exchange Kraken, has called out United States financial regulators for letting “the bad guys” win to suit their agenda.that U.S. regulators — seemingly including the Securities and Exchange Commission — were allowing crypto firms to operate without enforcement actions as a red herring for companies that are their true targets.
“The bad guys are actually on-side,” said Powell. “Good guys are the enemy. If the bad guys can run long enough without blowing up, they might just kill the good guys for you.”1. destroy capital/resources in crypto ecosystemThe bad guys are actually on-side. Good guys are the enemy.
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