“I hope that the U.S. and international regulators don’t take too much of a narrow view on this,” Powell said. “Some other countries, China especially, are taking crypto very seriously and taking a very Kraken’s CEO said he feels the U.S. is more “shortsighted” than other nations and “susceptible” to the pressures of incumbent legacy businesses. In other words, the banks — that “stand to lose from crypto becoming a big deal.” “I also think it might be too late,” Powell added. “Maybe the genie’s out of the bottle and just trying to ban it at this point would make it more attractive. It would certainly send a message that the government sees this as a superior alternative to their own currency.“ As of this writing, the cryptocurrency market cap is around $1.1 billion. Meanwhile the price of the digital token is on the rise, hitting the $60,000 mark on Monday.
Cryptocurrencies can Soon Face a “Crackdown”, says Kraken CEO
long-term view.”
