Powell noted: 'I still plan to stay incredibly involved with the business. Maybe my work week goes down from 80 hours to 40 hours or something like that.' 👀
Jesse Powell has revealed that he's stepping down as Kraken's CEO because "there's a lot of stuff that I don't enjoy doing."
Powell expressed a desire to focus more on the product and "less time dealing with all the random business obligations that the CEO has" — and argued that Ripley's skillset is "better suited" to what Kraken needs right now."We are starting to see increased attention from the legislature and the velocity of sort of bad proposals coming out is increasing. I think I can provide more value by focusing on those things where I think I'm really good at and enjoy doing.
"There's some language and some legislation that has come up that's sort of indirect attacks on crypto. I don't know if it's done intentionally, or if the authors of the legislation just really don't understand what the implications are of the language."
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