Jesse Powell, co-founder of Kraken, has sued a luxury condominium cooperative in San Francisco for blocking him from purchasing an apartment, alleging discriminatory conduct related to cryptocurrency.
The lawsuit filed on February 5 claims that the board of the building at 2500 Steiner Street refused the transaction without a clear reason. The complaint alleges that Powell faced discrimination due to his home being searched by the FBI in early 2023.
Powell posted on X on February 5 that: "Honestly, I'm fed up with the stubborn, arrogant, and elitist individuals who are illegally discriminating against me."
Powell claims this is a stigma against crypto, while emphasizing that this building has close political ties to the Democratic Party. He demands the completion of the transaction and compensation for damages, interest, and other forms of relief.
Jesse Powell's lawsuit is not just a personal dispute but also reflects the confrontation between the cryptocurrency community and the traditional financial system. We will update the outcome of the lawsuit in a later article.
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