Bitcoin
Bitcoin (BTC)
$64,738.00 2.78085
Bitcoin price
Ethereum
Ethereum (ETH)
$3,466.79 2.91462
Ethereum price
BNB
BNB (BNB)
$576.93 0.67015
BNB price
Solana
Solana (SOL)
$158.45 3.68523
Solana price
XRP
XRP (XRP)
$0.5843490 11.35959
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000195 7.96673
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000121 25.04355
Pepe price
Bonk
Bonk (BONK)
$0.0000280 13.7609
Bonk price
Bitcoin
Bitcoin (BTC)
$64,738.00 2.78085
Bitcoin price
Ethereum
Ethereum (ETH)
$3,466.79 2.91462
Ethereum price
BNB
BNB (BNB)
$576.93 0.67015
BNB price
Solana
Solana (SOL)
$158.45 3.68523
Solana price
XRP
XRP (XRP)
$0.5843490 11.35959
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000195 7.96673
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000121 25.04355
Pepe price
Bonk
Bonk (BONK)
$0.0000280 13.7609
Bonk price
Bitcoin
Bitcoin (BTC)
$64,738.00 2.78085
Bitcoin price
Ethereum
Ethereum (ETH)
$3,466.79 2.91462
Ethereum price
BNB
BNB (BNB)
$576.93 0.67015
BNB price
Solana
Solana (SOL)
$158.45 3.68523
Solana price
XRP
XRP (XRP)
$0.5843490 11.35959
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000195 7.96673
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000121 25.04355
Pepe price
Bonk
Bonk (BONK)
$0.0000280 13.7609
Bonk price
Bitcoin
Bitcoin (BTC)
$64,738.00 2.78085
Bitcoin price
Ethereum
Ethereum (ETH)
$3,466.79 2.91462
Ethereum price
BNB
BNB (BNB)
$576.93 0.67015
BNB price
Solana
Solana (SOL)
$158.45 3.68523
Solana price
XRP
XRP (XRP)
$0.5843490 11.35959
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000195 7.96673
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000121 25.04355
Pepe price
Bonk
Bonk (BONK)
$0.0000280 13.7609
Bonk price

Kraken co-founder labels SEC as USA’s chief obstacle

kraken-co-founder-labels-sec-as-usas-chief-obstacle
Edited by
News
Kraken co-founder labels SEC as USA’s chief obstacle

Kraken co-founder Jesse Powell has sharply criticized the U.S. Securities and Exchange Commission following new charges against the crypto exchange, highlighting ongoing tensions between the crypto industry and regulatory bodies.

In a recent escalation of the ongoing conflict between crypto exchange Kraken and the U.S. Securities and Exchange Commission (SEC), Kraken’s co-founder Jesse Powell has launched a fervent critique of the regulatory body.

Powell branding the SEC as the “USA’s top decel” and accusing it of hindering progress, underscores a deeper clash between the burgeoning crypto industry and traditional regulatory frameworks.

The SEC’s allegations against Kraken are substantial, claiming that the exchange has been functioning as an unregistered securities exchange, broker, dealer and clearing agency. Kraken has also been accused of co-mingling customer assets with company funds.

The charges pose serious questions about the integrity and operational practices within Kraken, following a $30 million fine paid by the company to settle prior SEC charges.

Powell’s response, while fierce, seems to reflect a broader sentiment in the crypto community about regulatory overreach. His assertion that the SEC’s actions are a form of extortion, with a potential legal battle costing upwards of $100 million, speaks to the perceived power imbalance between regulatory bodies and crypto entities.

While Powell’s frustration with the perceived regulatory “warzone” in the U.S. is understandable, the dismissal of regulatory concerns may not be in the best interest of protecting consumers and ensuring market integrity.

The SEC’s classification of cryptocurrencies like Cardano (ADA), Algorand (ALGO), Cosmos (ATOM), and Solana (SOL) as securities, for instance, touch on the complex and still-evolving discourse on how best to categorize and regulate digital assets.