Crypto Exchange Lawyer Braces for Wall Street-Style Regulation
Wall Street-esque regulation is coming to the cryptocurrency industry, so it pays to play nice. Thats the message from
While Coinbase head
Youre just living in a fantasy world if you dont believe that this industry is going to face heavier, more Wall Street-like regulation from governments in the U.S. and abroad, and Kraken has simply been practical about that future, Santori said on Bloombergs QuickTake Stock broadcast Thursday.
Coinbase CEO Armstrong unleashed a barrage of critical tweets this month after the SEC sent a notice to the exchange that it could be sued if it went ahead with its crypto lending project, accusing the agency of
Ive certainly followed Brians tweets, and Ill say that look, youre just not being honest with yourself about the crypto community if a little bit of you doesnt think hes saying what a lot of people are thinking, Santori said. I cant support that kind of approach with regulators. Its never been successful historically and from our experience, weve found the SEC to be open to discussion.
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