Kraken CEO Dave Ripley said in an interview with CNBC on Thursday that the Biden administration is "softening" its stance on cryptocurrencies.
Dave said: "Earlier this year, the U.S. executive branch through the U.S. Securities and Exchange Commission strongly opposed cryptocurrencies, but there are many supporters within the U.S. government. I visit Washington regularly and meet with many people in Congress and the Senate, and there are many supporters there. I think in the past few months, maybe two months or so, we have seen strong support - now there is bipartisan support."