Kraken co-founder Jesse Powell criticized the U.S. Securities and Exchanges Commission (SEC) for what he believes is a convenience-based approach to enforcement actions in the crypto industry. Powell argued that the SEC’s regulatory actions against U.S.-based entities like Coinbase, Ripple, and Kraken reflect a localized enforcement approach rather than a genuine effort to protect consumers. He suggested that targeting overseas entities would require more effort and that going after the most egregious offenders offshore is not about protecting people. Powell also mentioned that the recent regulatory actions against Binance have made the cryptocurrency industry feel more fair. He highlighted the emergence of new threats to the industry’s reputation and stressed the importance of self-regulation as a preventive measure against further regulatory crackdowns.

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Information	Details
Geography	North America
Countries	🇺🇸
Sentiment	neutral
Relevance Score	1
People	Jesse Powell
Companies	Ripple, Kraken, Coinbase, SEC, Binance
Currencies	None
Securities	None