[Kraken CEO Responds to CME Group CEO: Fair Competition Requires Equal Effort] Kraken CEO Arjun Sethi responded to CME Group CEO's opposition to granting innovation exemptions to Polymarket and Kalshi. He stated that regulatory barriers have long been monopolistic in nature, posing significant challenges for innovators in the early stages. Sethi emphasized that Kraken went through a difficult journey to reach its current position in the industry and pointed out that achieving fair competition requires equal effort from all parties. He called on CME Group to actively promote industry development, as Kraken did four, eight, or even ten years ago, to create a fair competitive environment.