The probe stemmed from allegations that Powell had unlawfully accessed and harassed staff at Verge Center for the Arts, a […]
The post FBI Closes Investigation into Kraken Co-Founder Jesse Powell appeared first on Coindoo.
The probe stemmed from allegations that Powell had unlawfully accessed and harassed staff at Verge Center for the Arts, a nonprofit he helped launch in 2008.
The case was reportedly unrelated to Kraken or Powell’s crypto dealings. Though under investigation since 2022, Powell denied any wrongdoing and later filed a civil suit against members of Verge’s board.
The Department of Justice did not publicly explain its decision to end the case.
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The dropped probe comes after Powell’s political emergence during the 2024 election, including a $1 million ETH donation to Donald Trump’s campaign. Trump appointees now lead the FBI and DOJ.
Meanwhile, Kraken itself had faced legal scrutiny last year, with the SEC accusing it of operating without proper registration. That case was later dismissed under Acting Chair Mark Uyeda as part of a broader retreat from enforcement-heavy tactics toward crypto regulation.
The post FBI Closes Investigation into Kraken Co-Founder Jesse Powell appeared first on Coindoo.
Source: https://coindoo.com/fbi-closes-investigation-into-kraken-co-founder-jesse-powell/
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