Ripple CTO Addresses Kraken Founder’s Alleged XRP Hate
Main Idea
Ripple CTO David Schwartz responds to claims that Kraken founder Jesse Powell dislikes XRP, addressing historical legal concerns and Kraken's recent IPO plans.
Key Points
1. Ripple CTO David Schwartz disputes claims that Kraken founder Jesse Powell has a negative view of XRP, referencing Powell's past legal concerns about XRP.
2. Powell previously cited legal ambiguity and regulatory risks as reasons for Kraken suspending XRP trading for U.S. customers.
3. Kraken is reportedly raising $100 million ahead of a potential IPO, aiming for a valuation of over $15 billion.
4. Schwartz highlights that if XRP were deemed a security, exchanges like Kraken could face liability, even if acting in good faith.
5. Kraken remains one of the world's most active exchanges, with over $1.37 billion in trading volume.
Description
David Schwartz, Ripple CTO and XRP Ledger architect, responds to claims Kraken founder Jesse Powell hates XRP
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