The latest head of one of many extra controversial crypto exchanges apparently isn’t backing down from his firm’s popularity of creating controversial, anti-regulatory pronouncements.

Incoming CEO of the oft-controversial crypto alternate Kraken, Dave Ripley advised Reuters Wednesday that he’s not planning to delist any tokens which have been cited as securities by the Securities and Exchange Commission or register with the SEC in any respect.

The factor is, the SEC is reportedly in the midst of investigating fellow crypto alternate Coinbase over these actual points. Though the company hasn’t made any formal announcement of that investigation into whether or not the alternate hasn’t listed securities, they’ve filed securities fraud fees in opposition to a former challenge supervisor on the firm.

The SEC mentioned the challenge supervisor had purchased 25 kinds of crypto property, calling 9 of these securities. Coinbase has additionally often denied it affords securities on its platform. Coinbase’s chief authorized officer Paul Grewal has claimed “Coinbase has a rigorous process to analyze and review each digital asset before making it available on our exchange—a process that the SEC itself has reviewed.” Coinbase lists over 150 totally different tokens.

SEC Chair Gary Gensler has repeatedly said that the majority crypto tokens fall below the auspices of his area as securities. That does miss among the greatest cash like bitcoin and ether, though for the reason that merge and the transfer to Proof of Stake, the state of affairs round that latter cryptocurrency is now up in the air. It makes Ripley’s feedback sound all of the extra like a complete willingness to battle again in opposition to encroaching regulation.

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The once-San Francisco-based Kraken announced its CEO swap Wednesday, saying then COO Ripley could be taking up from Jesse Powell. Ripley is getting into the sneakers of an organization that boasts 9 million purchasers amongst its buying and selling platforms. The firm can also be planning to launch its personal NFT market.

The SEC didn’t instantly return Gizmodo’s request for remark. Though Coinbase has needed to act defensively in opposition to the SEC’s inquiries, Kraken appears to be taking the other method, screaming “come at me, bro” even whereas its being reportedly investigated by the U.S. Department of the Treasury for allegedly permitting Iranian customers to make use of the platform. Of course, Kraken isn’t the one alternate accused of letting customers from sanctioned nations onto their platforms.

On his way out as Kraken’s leader, former CEO Powell told Protocol that he didn’t consider himself an “amazing manager.” Considering the amount of times he was cited for creating a hostile working environment, that’s putting things lightly. He instead said that he thought of himself as an individual product kind of guy. He often came off as a dudebro in interviews and in his tweets as he grew increasingly controversial over his tenure for his reported misogyny and willingness to conflate gender pronouns with “who can refer to another person as the N-word.”

Powell as soon as tweeted “people get triggered by everything and can’t conform to basic rules of honest debate. Back to dictatorship.” In response to additional condemnation, Powell said “I don’t know what to say to people who feel like they deserve some kind of a workplace where they don’t have to adhere to policies. If that comes off as authoritarian or whatever, you know, I guess that’s fine.”

Based on his statements, Powell now seems more interested in industry advocacy to fight back against encroaching industry regulation.