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Kraken CEO Calls Infrastructure Bill a ‘Complete Disaster’

Kraken CEO Jesse Powell discusses the Senate’s passage of a $550 billion infrastructure plan and its impact on the crypto industry with Emily Chang on “Bloomberg Technology.” (Source: Bloomberg)

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Kraken CEO Jesse Powell discusses the Senate’s passage of a $550 billion infrastructure plan and its impact on the crypto industry with Emily Chang on “Bloomberg Technology.” (Source: Bloomberg)

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17 Comments

17 Comments

  1. Lena Jonathas

    August 11, 2021 at 4:33 pm

    I like Jesse! I DESPISE these greedy politicians in the US!!

    • Brandon Derrick

      August 11, 2021 at 6:00 pm

      In every country don’t single us out lol.

    • Lena Jonathas

      August 11, 2021 at 6:02 pm

      @Brandon Derrick Yes. But I’m defining the US because of the NONSENSICAL crypto regulations.????

  2. Marcie Torreance

    August 11, 2021 at 4:39 pm

    Hey, lets make laws about things we don’t understand!!! Lets continue to elect 87 year old officials!!!!!!!!!!!!!!! Go Vermont!!!!

    • F_A

      August 11, 2021 at 4:54 pm

      Hey lets make things that an average Joe understand.

    • Michael Anuzis

      August 11, 2021 at 9:14 pm

      The 87 year old senator you’re referring to who objected to the bill is Richard Shelby, a Republican from Alabama, not Vermont. Shelby’s BS political maneuver saying he would object to any and all other amendments if he didn’t get his own amendment for another $50B in military spending was a thinly veiled manipulation by the biggest donors that put him into office: commercial banks.

  3. Mina Tzuga

    August 11, 2021 at 5:15 pm

    So much for “the government can’t stop the crypto revolution! …”. Pass some anti-crypto laws, the entire industry can be brought down on its knees in a jiffy.

  4. B T

    August 11, 2021 at 5:47 pm

    Imagine 1 dollar of crypto can buy you 1 litter of milk for your kid, and the next day 1 same crypto dollar can buy you less than half? crypto has no tangible economy to back it as long as theres hype. With this kind of attitube maybe long time

    • Charles Causey

      August 11, 2021 at 10:06 pm

      Imgine that being like anything that is assigned a value.

  5. Brandon Derrick

    August 11, 2021 at 5:56 pm

    This is super bearish. I’ll be selling majority of my crypto this peak. Sounds like it’s dead money.

  6. M Dot

    August 11, 2021 at 9:10 pm

    stupid politicians tryin to ruin every asset class that may hedge against the dollar/inflation, and their stupid massive spending

  7. adhd trader

    August 11, 2021 at 10:05 pm

    Hard to comprehend that the crypto community didnt build a proper lobby in DC long ago…did they not think crypto cld go mainstream ever? And tht the only path to mass adoption is to work w/existing structure not outside of it thinking somehow the world will magically change

  8. Mizner

    August 11, 2021 at 10:42 pm

    I’m starting to wonder about Jesse.
    I love that they dropped Jack Dorsey & Brian Armstrong photo over Jesse speaking… Jack and Brien are crypto executives who are in “favor” of tax fix.
    I mean Jesse seems to run away when its time to comply. We don’t see him in NY. C’mon Jesse! Stop caring from afar.

  9. Ryan Rybarczyk

    August 11, 2021 at 11:08 pm

    Crypto is dead.

    • Njul

      August 12, 2021 at 12:16 am

      American crypto maybe…

    • Ivan Nierez

      August 12, 2021 at 1:15 am

      In america perhaps

  10. Doge440

    August 12, 2021 at 12:46 am

    complete morons

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Bloomberg Technology

Odd Lots: Maybe AI Won’t Kill Us All — Just Some of Us

Big Tech has been sounding alarms about the risk of AI causing human extinction but there are also skeptics who dismiss the notion, like former US Federal Trade Commissioner Alvaro Bedoya, who referenced the Black Death to dismiss warnings of existential risks. On this episode of the Odd Lots podcast recorded live at the Vermont…

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Big Tech has been sounding alarms about the risk of AI causing human extinction but there are also skeptics who dismiss the notion, like former US Federal Trade Commissioner Alvaro Bedoya, who referenced the Black Death to dismiss warnings of existential risks.

On this episode of the Odd Lots podcast recorded live at the Vermont Hollywood theater, Rachel Karten, author of the Link in Bio newsletter, and Taylor Lorenz, founder of User Mag, talk about the possibility of AI killing all humans, or maybe just some.
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James Manyika on AI Regulation

“I don’t think it should be left to any one company.” Google SVP James Manyika says a “collective effort” is needed to ensure AI safety. ——– Like this video? Subscribe to Bloomberg Tech on YouTube:   Watch the latest full episodes of “Bloomberg Tech” with Ed Ludlow here:   Get the latest in tech from…

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“I don’t think it should be left to any one company.”

Google SVP James Manyika says a “collective effort” is needed to ensure AI safety.
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Billions Pour Into OpenAI, DeepSeek Ahead of IPOs

Bloomberg’s Ed Ludlow breaks down OpenAI’s talks with multiple investors to raise at least $30 billion at a valuation of about $1.4 trillion. Plus, DeepSeek is also close to securing at least $12 billion in funding ahead of its own IPO next year, and JPMorganChase CEO Jamie Dimon weighs in on data centers and AI…

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Bloomberg’s Ed Ludlow breaks down OpenAI’s talks with multiple investors to raise at least $30 billion at a valuation of about $1.4 trillion. Plus, DeepSeek is also close to securing at least $12 billion in funding ahead of its own IPO next year, and JPMorganChase CEO Jamie Dimon weighs in on data centers and AI risks from London’s Tech Stars event.

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