An OG crypto founder on the triumph of Bitcoin—and rejection by San Francisco liberals

Quick Summary:

Jesse Powell, who founded Kraken in 2011, is suing a co-op board that wants to keep him out over his politics.

Though the exact circumstances of the raid remain murky, Powell is confident he will be exonerated, an outcome that will come as a personal vindication—and a chance to regain access to stashes of crypto he has stored on the devices.

And unlike the polished executives and lawyers speaking who speak for crypto today, the face of the industry was dominated by larger than life characters such as Roger "Bitcoin Jesus" Ver and the dashing Argentine, Wences Casares, whose firm Xapo touted a secret vault to store digital coins under a mountain in Switzerland.

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Article Details

Author / Journalist: Jeff John Roberts

Category: EconomyBusiness

Markets: United StatesSwitzerland

Topics: Kraken Real Estate Bitcoin

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-23 @ 15:41:13 (2 days ago)

News Timezone: GMT +8:00

News Source URL: fortune.com

Language: English

Article Length: 1473 words

Reading Time: 9 minutes read

Sentences: 4 lines

Sentence Length: 369 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Fortune

News ID: 27256116

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Official Website: fortune.com

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News Last Updated: 8 hours ago

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