Coindesk Logo

News story to verify C31-947

News story to verify C31-947

News story to verify C31-947

subheadline

subheadline

subheadline

AccessTimeIconMar 31, 2023, 9:36 AM
Updated Nov 1, 2023, 1:33 PM

Presented By Icon

Election 2024 coverage presented by

Stand with crypto

Sushi Swap Head Chef Jared Grey is no longer feeling "inspired" after a wave of regulatory crackdowns on crypto exchanges, including the decentralized exchange (DEX) he manages, has put immense pressure on the crypto industry, according to comments he made during the protocol's ask-me-anything call on Thursday.

Grey spoke candidly about his feelings toward U.S. regulators and the general state of his industry to three other speakers during the first few minutes of the hour-long public meeting before community members trickled into the Discord call, which CoinDesk attended.

"It really feels like over this last cycle that the majority of that feeling [of excitement] is gone now," Grey said. "Look at what's going on on the regulatory side of things. Like this morning, Senator [Elizabeth] Warren [was] stating she's putting together an anti-crypto army to regulate the space into obedience."

Disclosure

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information have been updated.

CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. CoinDesk has adopted a set of principles aimed at ensuring the integrity, editorial independence and freedom from bias of its publications. CoinDesk is part of the Bullish group, which owns and invests in digital asset businesses and digital assets. CoinDesk employees, including journalists, may receive Bullish group equity-based compensation. Bullish was incubated by technology investor Block.one.


Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.