Crypto Exchange Lawyer Braces for Wall Street-Style Regulation

Wall Street-esque regulation is coming to the cryptocurrency industry, so it pays to play nice. That’s the message from <-bsp-person state="{"_id":"0000017c-13f6-db86-a9fd-b3ff0a1f0000","_type":"00000160-6f41-dae1-adf0-6ff519590003"}">Marco Santori, chief legal officer of the Kraken Digital Asset Exchange.

While Coinbase head <-bsp-person state="{"_id":"0000017c-13f6-db86-a9fd-b3ff0a210000","_type":"00000160-6f41-dae1-adf0-6ff519590003"}">Brian Armstrong -- and Santori’s boss, Kraken founder and chief executive <-bsp-person state="{"_id":"0000017c-13f6-db86-a9fd-b3ff0a210001","_type":"00000160-6f41-dae1-adf0-6ff519590003"}">Jesse Powell -- have taken an <-bsp-bb-link state="{"bbDocId":"QZ40MZDWLU6C","_id":"0000017c-13f6-db86-a9fd-b3ff0a220000","_type":"0000016b-944a-dc2b-ab6b-d57ba1cc0000"}">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.

“You’re just living in a fantasy world if you don’t believe that this industry is going to face heavier, more Wall Street-like regulation from ...