Kraken co-founder says crypto ‘more fair’ after historic Binance settlement | Headlines | News | CoinMarketCap
11/23/2023 12:39
Crypto exchange Kraken is “playing the long game” even as “new threats to the industry's reputation continue to emerge,” its co-founder said today — …
The Block15 minutes ago
Foresight
SEC
Published on November 23, 2023 05:25 GMT+00:00edited on November 23, 2023 05:31 GMT+00:00
Crypto exchange Kraken is “playing the long game” even as “new threats to the industry's reputation continue to emerge,” its co-founder said today — hot on the heels of the U.S. Department of Justice's historic criminal settlement with Binance and just days after the U.S. Securities and Exchange Commission filed a fresh lawsuit against Kraken itself.
In a post on X, Kraken co-founder Jesse Powell said the game “feels a bit more fair today” in reference to the Binance settlement, which will see the exchange pay a $4.3 billion fine.
“The last 12 months have answered 2 nagging questions from shareholders: 1. How are they going so fast? 2. How are they getting away with it?” Powell wrote. “It's hard to keep faith while your market share dwindles and the only enforcement that's …