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FBI Closes Probe Into Kraken Founder Jesse Powell – Crypto Industry Breathes Easy
FBI Closes Probe Into Kraken Founder Jesse Powell – Crypto Industry Breathes Easy
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Federal investigators drop the hammer—or rather, put it back in the toolbox. The FBI has reportedly ended its investigation into Jesse Powell, co-founder of crypto exchange Kraken, without filing charges. Another regulatory storm weathered by crypto’s old guard.
No handcuffs, no headlines—just another quiet win for the industry’s most battle-tested entrepreneurs. Powell, who stepped down as Kraken’s CEO in 2023 but remains chairman, faced scrutiny over alleged cyberstalking and unauthorized computer access—claims he’s consistently denied.
Meanwhile, Wall Street still can’t decide if crypto is a threat or an opportunity. Maybe both.
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