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

  • 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

Cover image via U.Today

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.  

About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets.

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