Kraken co-founder Jesse Powell has praised the outcome of the Binance investigation, emphasizing the importance of long-term visionaries in the crypto industry. Major exchanges like FTX and Binance have faced federal scrutiny in the past year for alleged misappropriation of funds and AML violations. Powell sees the legal proceedings against Binance and its former CEO as a positive move, urging the community to cooperate in restoring the crypto ecosystem's reputation. He also supports the KYC requirement for legally onboarding new users. However, Kraken itself faces a lawsuit from the SEC for allegedly commingling customer funds and failing to register as a securities exchange.