Kraken CEO: Biden administration’s attitude toward cryptocurrencies is “softening”

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."