Ripley Admits Kraken's Rapid Regulatory Pivots Caused Internal Flail
Dave Ripley · Dave Ripley: Are the SEC Overreaching with its Approach to Crypto? Should Gensler Step Down? | E1108 · 20VC with Harry Stebbings · Jan 26, 2024 · at 33:21
Dave Ripley is the CEO of cryptocurrency exchange Kraken. Discussing leadership lessons, he reflects on how fast regulatory adaptations created internal disruption due to inadequate communication.
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“One of the things that we've had to do a lot this year is you know, pivot the company to, you know, focus on in new and different areas as things of all, you know, regulatory environments and so forth. We did a lot of that maybe reasonably quickly, which was a good thing, but didn't really communicate and execute it deliberately enough such that probably caused a lot of flail for the company.”
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