Kraken Pledges $2 Million too Pro-Crypto PACs
Kraken, a leading crypto exchange, is stepping up its political game.Co-CEO Arjun Sethi revealed that the company will donate $2 million to two crypto-friendly political action committees (PACs). These PACs, the Freedom Fund and America First digital, aim to protect digital rights.However, they mostly support Republican candidates and President Trump.
The crypto market has surged 45% since January. Despite this growth, many Americans are skeptical about the economy’s direction, as a Reuters/Ipsos poll shows. The exchange will give $1 million to each PAC. Sethi claims the donations are about defending digital freedom. But critics see it as a move to influence policy.
Why the push? Kraken wants to safeguard crypto’s future. The Freedom Fund and America First Digital PACs are key allies. They help shape a crypto-friendly habitat. Kraken believes these donations are vital. they see it as a way to protect individual rights in the digital age. Sethi insists they’re not backing a party. He says they’re defending principles like self-custody and decentralized systems. Yet, both PACs lean Republican. This comes as the crypto market booms. The industry spent $160 million on lobbying last year. The goal? to keep crypto regulations light. The Freedom Fund and A1stDigital PACs are their chosen partners. They hope to stop overregulation. The Freedom Fund and A1stDigital will get $1 million each.The Freedom Fund PAC and A1stDigital are their chosen allies. the crypto industry has seen massive growth. But challenges remain. Congress is making progress. Market structure bills are advancing. Yet, risks like regulatory overreach persist.
these PACs support Trump’s agenda. The crypto industry spent $160 million on lobbying in 2025. The GENIUS Act,a bipartisan bill,passed recently. It sets rules for stablecoins. The industry wants to avoid strict rules.Kraken’s move shows the industry’s political muscle.
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- Kraken’s donations are strategic.
- They fear privacy bans. kraken’s donations are a sign of their power.
Regulatory risks are real. Kraken’s donations are a sign of their power.The crypto market’s rise is a win. But the fight for crypto PACs build $140 million midterm war chest.
