Kraken CEO Challenges Michael Saylor’s Proof-of-Reserves Criticism: Transparency at the Forefront

A recent public exchange between Kraken CEO Jesse Powell and Michael Saylor, a prominent Bitcoin advocate, has sparked a debate centered around proof-of-reserves transparency in the cryptocurrency sector. Powell refuted Saylor’s claims about potential security risks related to this practice, emphasizing the importance of transparency. This discussion highlights the ongoing tension surrounding crypto transparency and its potential impact on institutional adoption.