Cryptocurrency exchange Kraken‘s CEO thinks that the practices of the regulators pave the way for malicious people.
After what happened in the crypto money industry last year, the regulations started to be spoken more loudly. The fact that the sector is growing day by day and the regulations do not reach the final stage may cause malicious people to join the sector.
Kraken CEO Criticizes Regulators
Kraken The CEO criticized the US regulator in a statement on Twitter. According to the CEO, the US regulator has allowed malicious people to penetrate the industry further.
Jesse Powell, CEO of cryptocurrency exchange Kraken, said that the US financial regulators, the US Securities and Exchange Commission ( SEC), he stated that he let the bad guys win.
I have a theory:
Regulators let the bad guys get big and blow up because it serves their agenda.1. destroy capital/resources in crypto ecosystem
2. burn people, deter adoption
3. give air cover to attack good actorsThe bad guys are actually on-side. Good guys are the enemy. https://t.co/DZI2O8gVyO
— Jesse Powell (@jespow) February 19, 2023
The statements made by CEO Jesse Powell on Twitter are as follows:
“The bad guys are actually involved. Good guys are enemies. If the bad guys can last long before they explode, they can kill the good guys too.”
These explanations of Powell’s SECand agreed to pay a $30 million penalty by terminating staking services for US customers.
