Kraken Commits $2M to Pro-Crypto PACs to Defend Digital Rights in the US
The post Kraken Commits $2M to Pro-Crypto PACs to Defend Digital Rights in the US appeared on BitcoinEthereumNews.com.
Crypto exchange Kraken pledged $2 million to two politically aligned groups as part of what it calls an ongoing battle to defend core crypto freedoms in the US. In a Tuesday post on X, Kraken Co-CEO Arjun Sethi announced that the exchange will donate $1 million to the Freedom Fund PAC and increase its 2025 commitment to America First Digital to $1 million. “The fight for crypto in the United States is far from over,” Sethi wrote. He warned that crypto’s foundational rights, like self-custody and decentralized access, remain under threat from “regulatory uncertainty,” bans on privacy tools and efforts to criminalize infrastructure. “As one of the largest and longest-standing digital asset businesses in the US, Kraken believes it is critical to engage in public policy issues that directly impact our clients, employees, and the broader crypto community,” a Kraken spokesperson told Cointelegraph. Kraken announced $2 million in funding to Crypto PACs. Source: Arjun Sethi Related: Crypto-backed Super PAC reports raising $78M for 2026 midterm efforts Crypto principles, not political parties Sethi described the donations as “strategic investments in the legal and regulatory frameworks that will define crypto’s future,” adding that Kraken is “not backing a party” but supporting principles such as privacy, self-custody and innovation. However, both groups receiving Kraken’s donations are aligned with pro-Trump and Republican-led causes, with the Freedom Fund PAC having been described as a pro-Trump super PAC backing Republican candidates. “Crypto is a non-partisan issue. Our support for the Digital Freedom Fund PAC and America First Digital reflects Kraken’s position as a single-issue donor: we will back candidates who advance pro-crypto policies and work toward a clear, effective regulatory framework,” the Kraken spokesperson added. The donations came amid a shifting political landscape in Washington, where several market structure bills have advanced. In July, the Guiding and…
Filed under: News - @ September 25, 2025 1:26 am