Crypto

A Cryptocurrency CEO Apparently Wants To Ban Employees From Being Offended

In the 2010s, we all thought that there was no human being on earth worse than a financial brother. That may have been true back then, but today, there’s an even more insufferable strain: the crypto brother. And Jesse Powell, CEO of cryptocurrency exchange giant Kraken, perfectly exemplifies that insufferability. Powell recently released an internal culture statement that essentially prohibits employees from complaining about discrimination, The New York Times informed.

Within the 31-page statement, Powell wrote, among other things, that the company would prioritize job applicants based on whether they fit the “crypto-first culture,” essentially meaning that prospective Kraken employees cannot call anyone racist or xenophobic. even if it’s those things, according to VICE News. In addition to that requirement, Kraken employees said Powell questioned the concept of preferred pronouns, said there was still debate about whether women were as smart as men, and started a discussion about who could use the N-word, according to the report. Times. He also said the company will hire “solely on merit” and not based on anyone’s physical characteristics (i.e. race), which sounds like code for “I’m about to hire a bunch of similarly callous crypto bros.” “.

Once again, this kind of rhetoric is nothing new. It comes at a time when many Republicans and people on the right believe that the impending downfall of Western civilization can be blamed on people of color, women, and queer people. In fact, in a crazy Twitter threadPowell basically blamed the downfall of his own company on marginalized employees who spoke up. “People focused on minor slights, first world problems instead of our really big and important mission of helping billions of people,” he wrote. Among the so-called “minor snubs,” he noted, was whether or not people can use the N-word. In the company’s original statement, he also noted that if not enough people are offended, it means there isn’t enough diversity of thought, which which is ironic, because he himself seems quite offended.

Powell said anyone who disagreed with his “diversity of thought” approach could resign, according to the Times, and they had until Monday to decide whether or not to leave the company. Although incredibly destructive, this is likely a deliberate technique by Powell to scare employees, as the value of cryptocurrencies plummets dramatically and other companies lay off hundreds of their employees. But seriously, if he wanted to fire people, he should have done it without all the extra trauma.

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