“Abusive and Controlling Ex”: Kraken CEO Once Again Puts New York on Blast Over Its Stance on Crypto

  • Alex Dovbnya
    📰 News

    Jesse Powell CEO of Kraken exchange once again lashes out harsh criticism at the state of New York after its AG accused the exchange of breaking the law


“Abusive and Controlling Ex”: Kraken CEO Once Again Puts New York on Blast Over Its Stance on Crypto

Kraken CEO Jesse Powell once again lashes out harsh criticism at the state of New York after its AG accused the exchange of breaking the law. As U.Today reported earlier, the AG report implied that Kraken and other cryptocurrency exchanges are enabling market manipulation.

It didn’t take long for the Powell to respond on Twitter. He draws a parallel between New York’s stance on cryptocurrencies and an abusive ex-partner who keeps stalking you despite the relationships being over a long time ago.

Indeed, the relationships between Kraken and New York ended back in 2015 after the company left the state’s jurisdiction, not willing to comply with the onerous “BitLicense” regulatory framework.  

Cover image via u.today
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About the author

Alex Dovbnya (aka AlexMorris) covers all things crypto — from major projects, which are fighting tooth and nail to gain the upper hand in the burgeoning industry, to the latest regulatory trends around the world. When he happens to take a break from crypto, Alex delves into cognitive linguistics (metaphors can be fun too!).

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