Kraken Supports Pro-Crypto Initiatives with a $2 Million Donation
With a firm commitment to fostering innovation and preserving individual privacy rights, Kraken, a leading cryptocurrency exchange, has announced a substantial contribution of $2 million to two political action committees (PACs) that advocate for crypto-friendly policies in the United States.
Kraken’s $2 Million Commitment to Empower Crypto Rights
In a recent update, Arjun Sethi, co-CEO of Kraken, revealed the company’s decision to invest $2 million in pro-industry political groups. This donation underscores Kraken’s dedication to advancing the cause of innovation and privacy rights within the United States. Sethi highlighted that despite positive legislative progress, the battle for crypto rights remains ongoing, with a need to shift the narrative in Washington from apprehension to understanding.
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He pointed out significant legislative achievements, such as the enactment of the GENIUS Acts and the development of a comprehensive market structure bill by both chambers of Congress. These strides are indicative of a growing recognition of digital assets and their potential impact.
The American Vision of Crypto as a Digital Revolution
Born as a peaceful revolution, cryptocurrency embodies the power to hold value, engage in transactions freely, and operate beyond the confines of traditional control mechanisms. This vision resonates deeply with American values, aligning with the foundational principles of the Bill of Rights, now manifesting in the digital realm.
Ongoing Challenges and Strategic Investments
Despite these advancements, Sethi emphasizes that the struggle to safeguard “the core rights of individuals in a digital age” persists. Open financial systems face threats from regulatory ambiguities, enforcement actions driven by headlines, attempts to criminalize infrastructure, and bans on privacy-enhancing tools. In response, Kraken is donating $1 million each to the Digital Freedom Fund PAC and America First Digital. These contributions aim to support principles such as asset self-custody and the freedom to opt-out of surveillance-based finance.
Kraken’s strategic investments are intended to shape the legal and regulatory landscape that will dictate the future of cryptocurrency in the United States, benefiting not only Kraken but also every developer, founder, and user engaged in this evolving sector.
Political Action Committees Advocating for Pro-Industry Candidates
Kraken’s recent contributions follow a significant donation from Tyler and Cameron Winklevoss, founders of Gemini, to the Digital Freedom Fund PAC. The Winklevoss twins contributed 188.45 Bitcoin, valued at approximately $21 million, to support candidates aligned with President Trump’s crypto agenda in upcoming elections.
Additionally, a new US-based group, the Fellowship PAC, has emerged, pledging over $100 million to support candidates who prioritize digital asset innovation and transparent regulatory frameworks. In July, Fairshake, the largest super PAC, announced raising $52 million in the first half of 2025, holding assets exceeding $141 million. This fund is dedicated to ensuring that pro-crypto voices are heard in key races across the country.
Alongside its affiliates, Defend American Jobs and Protect Progress, Fairshake invested over $130 million to back nearly 60 pro-industry candidates during the 2024 election cycle, underscoring the growing influence and importance of crypto advocacy in the political arena.
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