SEC is open to discussion when it comes crypto. Kraken chief lawyer

Marco Santori, Kraken’s chief legal officer (CLO), points out the hostile stance that some crypto firms have taken towards regulators. Kraken’s Chief Legal Officer (CLO), Marco Santori, has spoken out to highlight the antagonistic stance taken by some crypto firms towards regulators in the midst a difficult period for high-profile US crypto firms. The exchange’s CEO, Brian Armstrong took a hostile and resistant stance on social networking. However, the exchange has announced that it will end the program in question, in accordance with the wishes of the SEC. Santori commented directly on the developments. “I’ve certainly been following Brian’s tweets, but I’ll say this: You’re just being dishonest with yourself about crypto community if you don’t think he is saying what a lot people think.” He then pivoted, taking pains not to mention the more pragmatic agenda he pursues at Kraken. “I can’t support such an approach with regulators. It has never been successful historically and we have found the SEC to always be open to discussion.” Related: Coinbase searches for a new executive to discuss with policymakersU.S. The SEC chair Gary Gensler and other financial regulators have indicated that they will introduce a number of policy changes this year to affect token offerings, stablecoins (DeFi), exchange-traded funds, custody, lending platforms, and decentralized finance (DeFi). Gensler, despite his hawkish tone has encouraged industry actors to work with the agency. The regulatory outlook is still changing, and the crypto markets are highly sensitive to the potential implications of any regulator’s crypto-related public intervention.

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