Crypto Exchange Lawyer Braces for Wall Street-Style Regulation

Wall Street-esque regulation is coming to the cryptocurrency industry, so it pays to play nice. That’s the message from Marco Santori, chief legal officer of the Kraken Digital Asset Exchange.

While Coinbase head Brian Armstrong -- and Santori’s boss, Kraken founder and chief executive Jesse Powell -- have taken an adversarial tone toward agencies such as the U.S. Securities and Exchange Commission, it’s clear that more stringent regulation is in the offing, Santori said.

“You’re just living in a fantasy world if you don’t believe that this industry is going to face heavier, more Wall Street-like regulation from ...