WHY KRAKEN´S CEO STEPPED DOWN?
Jesse Powell has revealed that he's resigning as Kraken's CEO because "there's a lot of stuff I don't enjoy doing." He told Protocol that he likes to think of his switch to chairman as a "nice promotion" — and says Dave Ripley is "better suited" to the challenges this exchange faces.
Powell said he wants to focus on advocacy because "dangerous things" are happening in the U.S. when it comes to legislation — and maybe work 40 hours a week instead of 80. When asked whether he's stepping down because of the bear market, he said: "I don't like that I'm going out at the bottom of the market. It would have been nice to bow out six months ago and take credit for the full rise to the top. There's just never a perfect time to do this."