Kraken CEO Expects Challenge to Tornado Cash Sanctions

Kraken CEO Expects Challenge to Tornado Cash Sanctions

Kraken CEO Jesse Powell says the US Treasury’s sanctions on Tornado Cash is an overreaction. Speaking with Matt Miller and Kailey Leinz on “Bloomberg Crypto,” he adds that he is still very bullish on Bitcoin. Powell also declines to comment on the reports of a federal probe into Kraken for allegedly breaking sanctions.

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