Dave Ripley
@DavidLRipley
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Co-CEO @KrakenFX #crypto #Bitcoin views are my own, not my employer’s https://t.co/9rUt1pZUZa
San Francisco, CA
Joined June 2013
We strongly disagree with the SEC claims, stand firm in our view that we do not list securities, and plan to vigorously defend our position. As we have seen before, the SEC argues that @krakenfx should “come in and register” with the agency, when there is no clear path to.
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(1/10) Today, Kraken tells the real story of the SEC’s suit.
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(10/10) The U.S. risks losing its standing as a world leader in innovation if it continues allowing its regulatory agencies to assert statutory authority without explicit permission from Congress. Read more:
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Kraken Financial, a state-chartered, full-reserve bank, is now live and offering services to the crypto industry!. Here's the news out of #Wyoming:.
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(5/10) Crypto innovators in the United States should not have to fear retaliation for their political speech. They should be free to earnestly advocate for better law and more efficient markets.
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(6/10) Today, Kraken is moving to dismiss the complaint. It was timed to intimidate those who would question the SEC’s jurisdiction, and it fails to allege any securities were traded on Kraken, illegally or otherwise.
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(3/10) Kraken testified that this strategy from the SEC would not protect consumers, that Congress should create new rules for crypto, and, critically, that Congress should limit the SEC’s jurisdiction in favor of other agencies.
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(4/10) The next day, the SEC called Kraken to say it was going to sue.
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(8/10) The court should not endorse this theory because it has no limiting principle. It would give the SEC boundless authority over commerce - from collectibles, such as sports memorabilia, trading cards, expensive watches, to commodities like diamonds.
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(2/10) On May 10, before both the House Financial Services Committee and the House Agriculture Committee, Kraken testified about the SEC’s overreach in crypto and its flawed regulation-by-enforcement approach to policy making.
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(7/10) Instead of identifying securities, the complaint asks the court to endorse a theory that there can be an investment contract without any contract, without any post-sale obligations or even any interaction at all between the issuer and the purchaser.
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(9/10) U.S. crypto exchanges should not have to operate amid an onslaught of regulatory enforcement actions, while jurisdictions around the world continue advancing constructive regulatory rulemaking.
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BOOM. Kraken is one of the Top 100 places to work in America 👏. The best and brightest in finance and tech are coming to crypto. Work on the future, not the past:
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The SEC now attacking @Uniswap, just weeks after a judge dismissed the SEC for litigating against an onchain non-custodial wallet. This targeting of an onchain network will see a similar fate. “a gross abuse of power” > not my words, but those of a judge describing the SEC’s.
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Today marks the 12th anniversary since @krakenfx launch 🎉. Grateful to be working with so many smart and passionate people who want to create a better, fairer financial system. Our mission is as important as ever 👊.
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The first Bitcoin ETF application was submitted in 2013 when the price of Bitcoin was sub $100. After a snappy 10 years of bureaucracy and 500x, the approvals are upon us. We've seen massive innovation and infrastructure development in crypto over that time period (i.e. what.
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Another day, another big event for crypto. Hong Kong’s #Bitcoin and #Ethereum ETFs are now live, with all 6 using reference rates from @CFBenchmarks, a @krakenfx company. $40 billion worth of assets now referenced to @CFBenchmarks indices. we’re just getting started.
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The 3rd and biggest announcement this month from @KrakenFX - Ink …following restaking and $KBTC. Here’s how they’ll unlock our next wave of growth /🧵.
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T-minus 1 month until we display user NFTs on the Kraken Formula 1 car for the 1st time. Excited for millions to be watching history 🏁
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Today marks 13 years since the launch of Kraken. A lot of people ask how we've endured when so many crypto companies have failed. the answer: dedication to the mission. Kraken is home to true believers. Grateful to be working with pioneers changing.
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Another SEC flip flop sees the light of day. Great to see Chairman McHenry and the committee's efforts to hold the agency accountable. The crypto industry wants fair rules instead of malicious enforcement from a rogue regulator that hides from congressional oversight. The US.
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#FIT21 passed! exceeding even the more optimistic expectations for number of votes. thank you to so many across the industry that contributed to this outcome.
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Congrats to @CFBenchmarks (a @krakenfx company) on the #ETF approvals!. CFB provides the index for several spot #bitcoin ETFs. $IBIT - @iShares (@BlackRock).$EZBC - @FTI_US.$BITB - @BitwiseInvest.$BTCW - @WisdomTreeFunds.$BRRR - @ValkyrieFunds.$ARKB - @ARKInvest / @21Shares.
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My first #F1 race 💜. Congrats to these crypto teams and communities featured on the rear wing of the @WilliamsRacing cars. The world was watching, and it saw that NFTs are here to stay 🚀
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together we ride. We're excited to join #standwithcrypto. to be clear: the financial futures of all Americans are at stake.
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3/ In a few days, Kraken will celebrate our 13th anniversary. These events remind us of our mission, our great responsibility to our clients, and pioneers, like @jespow, who have been instrumental in shaping the industry for what it is today.
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Great to see the mainstream recognizing that savvy US states are doubling down on crypto. 👏. I'm proud of the work @krakenfx continues to do in Wyoming. It will serve as the standard for years to come. Innovation will not be stopped.
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Another big milestone for the Kraken team!. Approved EMI by Central Bank of Ireland 🇮🇪.Approved VASP by Bank of Spain 🇪🇸. Proud of the many Krakenites who made this happen.
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Congratulations to the @Ripple team for surviving 4 years of regulation by enforcement and overreach.
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$KBTC is officially onchain. Backed 1:1 with $BTC held by Kraken Financial, allowing clients to transact in DeFi with our best-in-class Special Purpose Depository Institution banking license. more peace of mind for users.
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“Chase stops transfers associated with purchasing Bitcoin.”. Someone seems to have an issue with better, faster, more secure payment rails. Start the clock now. This will be reversed at some point in the future or it will mark the start of Chase’s looong fall into irrelevance.
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4/We remain committed to our careful approach as we shepherd humanity toward a more financially free, secure and inclusive world.
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5/ Huge thanks to our clients and community for placing your trust in Kraken. Major thanks to the Trustee for pulling this off. As always, #NYKNYC. 🫡.
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Great day for the US. SAB 121 does nothing to protect individuals. good ol' checks and balances surfacing to impede those with authoritarian ambitions.
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Looking forward to another exciting year in #crypto. 2022 will set another record for new crypto innovations. @ClamanCountdown @FoxBusiness @krakenfx.
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Another step toward victory for Kraken and crypto. > the Court found the SEC’s self-serving invention of the “crypto asset security” concept to be “unclear at best and confusing at worst.”.
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Here come the NFT obituaries 🤦. The Bitcoin obituary list started its illustrious run way back in 2010, a bit before I even learned about Bitcoin. Plenty more NFT adoption to come, right alongside many more obituaries. Always bet on the builders! ✊
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🚨 BIG news from Canada. Interac transfers now available across @krakenfx mobile and web platforms (used by 90% of all Canadians). To celebrate, we're slashing CAD fees and adding new crypto pairs. We committed to Canada, now we're following through.
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meet the most powerful, performant trading application in all of crypto - @krakenfx Desktop.
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crypto surges in India 🇮🇳. a truly global innovation. here we go!
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1/2 A key economic issue was missed in tonight’s US presidential debate: crypto. A record amount of attention has been focused on the issue already this election year, and it will not quiet down.
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Our mission from Day 1 has been to accelerate the global adoption of crypto. It's time to see what crypto can be 🚀.
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Love to see #Bitcoin and crypto thriving where they're needed most. New report finds Nigeria, Uganda are seeing transaction surges over 10% amid inflation. Don't believe the doubters. Every day the crypto economy is getting stronger and more inclusive ✊
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nothing to see here, just Gary on his way to rack up another L. more power to @CumberlandSays. It's time to turn the page.
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The data is becoming clear: Crypto could be a defining story of the 2024 election. A big opportunity for a candidate who can speak to a new generation’s values with clarity and vision
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Helpful to take note of the power of central bankers (not just Fed, but BOJ, etc.) to impact individuals' savings/wealth. Would be nice to have an independent system where a few people in a conference room, pushing buttons, do not have such control. #Bitcoin . Over the long run,.
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big day today. Bitcoin Pizza Day🍕 a reminder of how far we have come and that we all stand on the shoulders of giants. also, a good day for some chicago style deep dish. and. .
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@SenLummis Congrats @SenLummis ! . Looking forward to great things for the US and for crypto with you in this position. truly embracing the crypto ethos of economic freedom and sound money for all.
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First a growing number of people, then companies and organizations, and now even governments across the United States of America are calling out the SEC for their overreach and negative impact on American citizens. more here:.
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@krakenfx holds our clients' privacy and security in the highest regard. you don't have to look far to find someone attempting to violate privacy and personal freedoms. It's nice to get a W on behalf of our clients when these privacy violators encroach.
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here's to the @krakenfx team for doing what they do!. good to see some well deserved recognition for an incredible team.
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Crypto is revolutionizing trading with 24/7 access. good read from @KrakenFX’s @TheMarginMan on how TradFi is struggling to adapt to this transition, and how crypto rails will be the engine.
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Financial privacy is critical to a fair economy. Good to see the passage of the CBDC Anti-Surveillance State Act today.
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well said @BlockchainAssn @fund_defi . "The theory on which the SEC is basing this case does not hold up to legal scrutiny and is yet another example of the SEC’s regulation by enforcement strategy, stifling innovation and creating even more regulatory confusion. ".
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Nice chat with @JoeSquawk on @CNBC about the positive momentum for the crypto industry and @krakenfx .
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Celebrating the halving and the magnificence of Bitcoin tonight!.
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when a new superior technology arises to replace the old legacy system.
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Great talking with @KenzieSigalos @novogratz @Mclader about the future of finance, i.e. crypto. Also some good debate about ceo hairstyle and its impact on success
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Excited to launch the Wyoming Blockchain Symposium with @saltconference next week in Wyoming. the crypto capital of the US.
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Yes, it can and has. Madoff and others answered this ages ago. Even regulated banks somehow end up saying “the customers’ money is gone” …Lehman, Bear Stearns, etc. These failures & frauds have been around as long as trusted 3rd parties have existed. Crypto actually solves this
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1/ First up, @InkOnChain, a new Ethereum L2 ecosystem unveiled by Kraken today. Ink is built on OP Superchain, and it's designed to offer secure and seamless access to DeFi for a wider audience. Ink is set to launch on testnet later this year.
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@Dougielarge thanks @Dougielarge. best to you as well. looking forward to seeing several wins on the board.
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3/ Last but not least, we’ve got our integration with @eigenlayer. This means users staking $ETH on Kraken can now redeploy this capital to secure new and inventive DeFi applications.
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Today’s House FS Committee hearing is a powerful reminder of how difficult it has been to be a crypto user / business in the U.S. The lack of transparency and open hostility hurts both consumers and innovation. The crypto voter isn’t one to ignore.
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2/ Next, we've got $KBTC, a #Bitcoin-backed asset that can trade natively on the Ethereum blockchain. It removes barriers for $BTC holders to participate in the DeFi economy, while providing the benefits of our trusted custody in Kraken Financial, a full reserve bank.
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@msantoriESQ Thank you to THE crypto lawyer!. Marco and I first met waaay back in 2013 and he’s been fighting for crypto and the mission for over a decade. Thank you @msantoriESQ for all of your contributions to Kraken over the past nearly five years and supporting Kraken’s 20x growth.
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2/2 We stand with crypto, the freedom it embodies, and the hope it offers globally.
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Looking forward to the @bitcoinmagazine livestream at I'll share my thoughts on Bitcoin's 4th halving.
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The crypto wins keep coming in the US. Now the ETH ETF coming along for the ride.
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When it comes to financial markets, trade volume can be that flashy, showy metric that lacks substance. kinda like the beach muscles of financial metrics. Liquidity on the other hand has real stature.
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Another exciting day at the office. Nice work by @msantoriESQ and the @krakenfx team. A positive step for crypto and the United States as well.
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now within 6 months of the next bitcoin halving. it's time to learn about crypto. the new @krakenfx learn center has you covered.
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FIT21 is on the House floor!. Looking forward to many votes for FIT21 supporting innovation and against policies that harm Americans and benefit narrow political interests.
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Latest talk with @fintechfrank is now live. My message: We’re at an inflection point for crypto and catalysts are on the way. More via @theblock_:
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Good to chat crypto markets with @sullycnbc on Fast Money. Plenty of positive long-term momentum for the crypto industry ahead.
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Great meeting the @tastytrade team and talking #Bitcoin, #Blockchain Technology, and @techstars with @Tony_BATtista and @Tomunderwater.
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