Cryptocurrencies
Crypto Exchange Lawyer Braces for Wall Street-Style Regulation
- Kraken legal chief says Wall Street-like rules are coming
- Adversarial approach has ‘never been successful’: Santori
Marco Santori speaks during the Bitcoin 2021 conference in Miami, Florida, on June 4.
Photographer: Eva Marie Uzcategui/BloombergThis article is for subscribers only.
Wall Street-esque regulation is coming to the cryptocurrency industry, so it pays to play nice. That’s the message from Marco Santori, chief legal officer of the Kraken Digital Asset Exchange.
While Coinbase head Brian Armstrong -- and Santori’s boss, Kraken founder and chief executive Jesse Powell -- have taken an adversarial tone toward agencies such as the U.S. Securities and Exchange Commission, it’s clear that more stringent regulation is in the offing, Santori said.