Head Kraken: "The regulators support the bad guys in the cryptomir" – Bits Media

The Director General of the Kraken cryptocurrency exchange said, that American financial regulators support only those businessmen and startups, who seek to ruin the cryptocurrency world.

“Bad guys act with huge competitive advantages. They suck out income and venture capital from users, who otherwise would get good guys. Bad guys can always be imprisoned later ", - writes Jesse Powell (Jesse Powell).

Regulators perceive normal businessmen, Like enemies, Powell is indignant. Regulators allow "bad guys" to grow, Because it is in the hands of officials. After all, with the help of "bad guys" you can ruin a cryptocurrency ecosystem, and also harm "good guys", continues the general director of Kraken.

Jesse Powell often criticized the chairman of the US Securities and Exchange Commission (SEC), demanding from suppliers of crypto services to obey the rules of the regulator. Turns out, Powell was indignant, a fine of tens of millions of dollars and the closure of the whole direction of his business could be avoided, Just filling out the form on the SEC website and warning users about, that the awards from stakeing are earned as a result of stakeing itself.

Prior to this, Powell was criticized by the former general director of the bankrupt exchange of FTX Sam Bankman-Fried. The head of Kraken believes, that the former head of the FTX is absolutely not versed in marginal trade and organizing a cryptocurrency exchange business.