Kraken Founder Jesse Powell Says US Crypto Regulation Forcing Investors Out of the Country

Kraken Founder Jesse Powell Says US Crypto Regulation Forcing Investors Out of the Country


Former Kraken chief executive Jesse Powell says existing crypto regulations in the US have hurt American customers and companies.

In a new interview on the Unchained Podcast, the Kraken co-founder says that offshore crypto exchanges can offer products unavailable to US-based companies, which lures domestic customers away to foreign businesses.

“It basically forces people to go offshore for things that they otherwise would be able to get in the United States. Just take futures trading, for example. It’s not available in the United States. Trading certain tokens which the SEC would probably call securities is not allowed in the United States, and there’s actually no license to be able to do that whatsoever. It’s not just a matter of getting the right license. There’s no

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