Kraken CEO Criticizes US for Sanctioning Tornado Cash

The imposition of sanctions against cryptocurrency service Tornado Cash has caused discontent among many experts and businesses focused on the blockchain industry.

Jesse Powell, CEO of US-based crypto exchange Kraken, has joined the critics of the decision of the US Treasury.

According to him, limiting the opportunities of US citizens is a violation of their constitutional rights.

He has said:

“People have a right to financial privacy. Let’s see how the court reacts now.”

At the same time, Kraken, as well as Circle, has blocked addresses associated with Tornado Cash in order to comply with the sanctions regime.