Kraken CEO: The Biden administration's stance on cryptocurrency is "softening."

ChainCatcher news, according to The Block, Kraken CEO Dave Ripley stated during an interview with CNBC on Thursday that the Biden administration is "softening" its stance on cryptocurrency.

Dave said, "Earlier this year, the U.S. executive branch strongly opposed cryptocurrency through the Securities and Exchange Commission, but there are many supporters within the U.S. government. I regularly visit Washington and have met with many people in Congress and the Senate, where there are many supporters. I think in the past few months, maybe around two months, we have seen strong support—now both parties are in favor."