Crypto legislation will bring U.S. dollar to more global payments: Kraken co-CEO Dave Ripley
CNBC's "Power Lunch" team is joined by Dave Ripley, co-CEO of Kraken, to discuss crypto regulation as President Trump signs stablecoin legislation.
Co-CEO, Payward Kraken
Verified interview transcripts, podcast appearances, and direct quotes from David Ripley, Co-CEO at Payward Kraken. AI-verified speaker identity with full-text searchable transcripts.
“We have big and great things hopefully happening on the US policy side with a number of bills that we want to get done the very near future. President said he's ready to sign these bills. We got to get them through Congress and hopefully signed by August is the target.”
“All of the crypto companies out there are a proponent of the bill allowing for the yield to be shared with the individual users. Crypto is all about individuals. Let's bring the value to them.”
“We went from talking about litigations with the government to talking about strategic Bitcoin reserves.”
“We did that frankly on a path to being more transparent about financials and being in the public markets... The couple of numbers to highlight, one would be 1.5 billion in revenue. So that just gives a little bit of a frame of the size and scale of Kraken... The other thing to note is ARPU, so average revenue per user,...”
“The US is right now today largely being left behind in a lot of different ways given the approach that we've seen here over the past year and a half. Crypto is the first industry where the US has not been the focal point, has not been the absolute clear undisputed leader.”
“There's a lot of companies out in the crypto space and not all these companies are going to succeed and some are going to fail pretty badly with like lost funds and so forth. There's going to be some other negative event like that that happens in crypto, hopefully it's not as big as FTX.”
“Contrast to here in the U.S. basically rogue regulators pursuing a path of regulation by enforcement. Meanwhile, we have Congress actually trying to pass bills to put something in place that's meaningful and appropriate for this.”
“The U.S. dollar stablecoin with huge adoption there, over $100 billion of adoption, that's something that actually kind of promotes the usage of the dollar, not just here in the U.S. but globally.”
“I specifically look I mean I'm when when I go look at the the volume numbers for decentralized exchanges I'm always like cheering whenever I see those numbers move up and even if I see a move up as share of total of centralized exchanges I'm like yeah this is this is good I'm like you know this is what we want to see l...”
“247 365 like is a very local country way of thinking about something right because not ever even had not everyone has the same 24 for sure right we're all on different you know time zones across this whole planet and you know this is a very Global World and we're not even all on the same seven right some countries in t...”
“This is the first time we actually saw an all-time high before that happened. Typically in the past bull bear cycles for Bitcoin, we've seen the all-time high come a number of months after the halving, we're ahead of schedule this time.”
“The more holders, the more liquidity in the system, both those holding, and those transacting, and those trading, all of these aspects, actually, do reduce volatility over time. So, the reality is, while Bitcoin and crypto is still volatile, they're not as volatile as they were ten years ago, or five years ago.”
“We are absolutely certain that Bitcoin crypto are going to be incredibly successful adoption is going to grow it's going to go up to the right even though it's not going to be a straight line and you know five years from now a decade on from now and more we're only going to see that many more you know hundreds of milli...”
“The SEC sits within the industry they you know fortunately are on a losing streak they continue to lose now and you know the the overreach and stretch here is just is just quite extreme and mindboggling and you know it's not just people in crypto that are aware of this and and and know this there are people across all...”
“their entire approach is off right so it's just completely off and so the right approach is what we see everywhere what we see in Canada and in Europe and in UK where Parliament or legislatures work work to put in place proper laws The Regulators work to implement those laws the companies come in and actually have a pa...”
CNBC's "Power Lunch" team is joined by Dave Ripley, co-CEO of Kraken, to discuss crypto regulation as President Trump signs stablecoin legislation.
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Notion combines your notes, docs, projects into one space that’s simple and beautifully designed, with the power of AI built right inside — not a separate AI tool or browser tab. Try Notion for free when you go to notion.com/20vc --------------------------------------------- Dave Ripley is the CEO @ Kraken, one of the world’s largest cryptocurrency exchanges, valued in 2022 at a whopping $10.8BN. Prior to Kraken, Dave was the Co-Founder of Glidera, a market-leading Blockchain technology company that Kraken acquired in 2016. ----------------------------------------------- Timestamps: (00:00:…
David Ripley, CEO of Kraken, stops by the #FirstBitcoinCar to leave his mark and sits down with us to talk all things #Bitcoin! Don't forget to like and subscribe!
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