The Federal Bureau of Investigation has officially concluded its investigation into Jesse Powell, founder of the cryptocurrency exchange Kraken, and has returned previously seized devices.
Conclusion of Investigation
The FBI inquiry appears to have been directed solely at Powell as an individual. The details of the investigation remain undisclosed, but as of now, neither Powell nor Kraken has issued any public statements regarding its conclusion.
No Impact on Kraken
Market data and Kraken's activity indicate that the investigation did not affect the platform's operations or its users' funds. The exchange continues to run smoothly, and no disturbances or financial impacts have been reported.
MiCA License and Company Future
Kraken has received a key Markets in Crypto-Assets (MiCA) license from the Central Bank of Ireland, allowing full regulatory access to all 30 member states of the European Economic Area (EEA). This strengthens Kraken's foothold in Europe and enables the expansion of its regulated offerings.
The conclusion of the FBI investigation may alleviate market uncertainty and allow Kraken to focus on strategic growth amidst a complex regulatory environment.
