Kraken founder: Regulators ignore fraud warnings and deliberately enable wrongdoers until they become too big to fail

ChainCatcher news, Kraken founder and CEO Jesse Powell tweeted: "Regulators have ignored their warnings about scams and fraud, deliberately enabling wrongdoers until they become too big to fail. Their plan is: 1. Destroy capital/resources in the crypto ecosystem; 2. Make users victims and hinder adoption; 3. Pretend to protect while actually attacking the good people."

Angel investor Balaji Srinivasan commented: "The budget of the U.S. SEC has been increasing, and during times of crisis, they exploit more failures to gain more funding. Regulators are as corrupt as military-industrial companies. The SEC craves financial crises just as Raytheon craves war. That's their bread and butter, that's when they make their careers." (source link)