Just-In: Founder Jesse Powell Open Up About US SEC Lawsuit Against Kraken

Just-In: Founder Jesse Powell Open Up About US SEC Lawsuit Against Kraken

Kraken co-founder Jesse Powell reacted angrily to the U.S. Securities and Exchange Commission (SEC) lawsuit against crypto exchange Kraken. He calls the securities regulator SEC a ‘decel’ and SEC Chair Gary Gensler a ‘masochist’, preventing technological innovation in the United States. Jesse Powell plans to defend against the SEC this time.
Kraken Co-Founder Jesse Powell Slams SEC
Jesse Powell took to X on November 21 in response to the SEC lawsuit against Kraken. He believed they settled all SEC concerns with a $30 million settlement in February, but the SEC keeps coming after them.
“USA’s top decel is back with another assault on America. The masochists haven’t been happy with the beatings they’ve been taking in NY and are shopping for a different flavor of RegDom in CA,” said Powell.
Jesse Powell cleared his intentions to defend this time, stopping the SEC’s illogical enforcement actions against the crypto industry. He remarked, “$30m buys you about 10 months

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