Jesse Powell, co-founder of crypto exchange Kraken, has filed a lawsuit against the co-op board of a luxury apartment building in San Francisco, alleging discrimination that prevented him from purchasing a unit. The suit claims that his ties to the crypto industry, his support for conservative causes, and a past FBI investigation led to his bid being blocked. Powell’s lawsuit highlights a growing sentiment among crypto executives feeling marginalized since the Biden administration took office. The co-op board worked to prevent a shareholder vote on the sale by insisting on financial documentation that Powell argues was never a requirement. The lawsuit names venture capitalist Bruce Golden, accusing him of spearheading the denial due to his political affiliations. The legal action seeks to compel the completion of the purchase agreement and seeks damages. Powell's experience reflects broader issues of discrimination and exclusion faced by individuals within the cryptocurrency sector.

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