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Kraken CEO Scorns ‘Unconstitutional’ US Shutdown of Tornado Cash

  • Exchange CEO says ‘people have a right to financial privacy’
  • Powell declines to comment on possible US probe of Kraken
Jesse Powell

Jesse Powell

Photographer: David Paul Morris/Bloomberg

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US Treasury Department actions to shut the Tornado Cash crypto-mixing service may be “unconstitutional,” according to Jesse Powell, chief executive officer of the digital-asset exchange Kraken. 

“People have a right to financial privacy,” Powell said during an interview with Bloomberg TV on Tuesday. “We’ll see if it survives a challenge” in court.