This week, the discussion on Jesse Powell's position regarding XRP has resurfaced amid Kraken's IPO plans.
Debate on Jesse Powell's Position on XRP
A recent poll by David Schwartz, Ripple's CTO, reignited an old question: does Jesse Powell, co-founder of Kraken, indeed hold a negative view of Ripple and XRP? Schwartz expressed doubt about this assertion, indicating Powell's views might be more complex and nuanced.
Potential Risks for Exchanges
Powell has long spoken about the legal uncertainty surrounding XRP, noting that its historical ties with Ripple Labs might create complications for regulators. He emphasized that if XRP were deemed a security, exchanges like Kraken could be held liable, even if they acted in good faith. This would create an asymmetrical risk, complicating listing decisions.
Kraken's Plans for IPO
As debates about Powell's stance continue, Kraken is once again aiming for an IPO. The company plans to raise $100 million ahead of a potential public listing, valuing it at over $15 billion. The funding round is expected to close by the end of the year, potentially reviving IPO plans following the uncertainty surrounding Coinbase's debut.
Thus, the question of Jesse Powell's stance on XRP and Kraken's IPO plans generate active discussions and require further analysis.
