Kraken says Trump win marks ‘turning point’ for crypto after slashing 400 jobs just weeks ago – DL News
- Trump’s election victory is good news for US crypto firms like Kraken.
- The exchange said it is looking forward to working with the new administration.
- The Biden administration’s crypto crackdown hit Kraken hard.
Just two weeks ago, US crypto exchange Kraken slashed 400 employees from its workforce in a move the firm characterised as an “organisational discipline” decision.
Now Donald Trump’s election win could be just what the exchange needs to get out of its funk.
“The US election outcome marks a significant turning point for crypto policy,” Jonathan Jachym, Kraken’s global head of policy, told DL News.
He added that Kraken is looking forward to working with the Trump administration and the new Congress to advance policy.
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