Kraken CEO Dave Ripley noted a “softening” stance on crypto from the Biden Administration during a CNBC interview.
Dave Ripley appeared on ‘Squawk Box’ to discuss the current state of the crypto market, Kraken’s ongoing battles with the SEC, the regulatory outlook, and other related topics.
While the SEC was initially negative toward cryptocurrencies, Ripley observed growing support within the U.S. government, especially in Congress and the Senate, with increased bipartisan backing.
He highlighted the passage of the Financial Innovation and Technology for the 21st Century Act (FIT21), which passed with significant Democratic support, indicating a shift in the executive branch’s attitude.
Ripley also mentioned former President Trump’s evolving stance on crypto, noting his recent support and suggesting that deeper understanding often leads to positive outcomes.
Image Credit: Pixabay
Keep in mind that we may receive commissions when you click our links and make purchases. However, this does not impact our reviews and comparisons. We try our best to keep things fair and balanced, in order to help you make the best choice for you.
