cryptonews: Kraken CEO Jesse Powell has a conspiracy theory to sell you: regulators like the Securities and Exchange Commission, allowed FTX's misdeeds to go unstopped in order to blow up all of crypto. 🥸
Kraken CEO Jesse Powell has a conspiracy theory to sell you: regulators like the Securities and Exchange Commission, allowed FTX's misdeeds to go unstopped in order to blow up all of crypto.and agreed to shutter its crypto-staking Earn program after the SEC sued it, alleging they were unregistered securities."Regulators let the bad guys get big and blow up because it serves their agenda.
Meaning the SEC wanted catastrophe's like the collapse of Sam Bankman-Fried's FTX and Do Kwon's UST/LUNA ecosystem — which the SEC has alleged was a fraud — to happen. He added: Two days earlier, on Feb. 17, crypto bank founder Long announced at the head of a long Twitter thread:
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