Kraken Donates $1M to Freedom Fund PAC for Crypto Advocacy
Kraken is actively engaging in US crypto policy by donating $1 million to the Freedom Fund PAC and pledging another $1 million to America First Digital, which supports digital asset adoption.
- Co-CEO Arjun Sethi emphasized defending core rights in the digital sphere amidst growing challenges.
- Sethi highlighted issues like regulatory uncertainty and bans on privacy tools as threats to financial freedom.
- Kraken's donation aims to protect principles such as self-custody, decentralized systems, and open infrastructure.
Influence in Washington
- America First Digital is advocating for pro-crypto legislation, including the BITCOIN Act for strategic reserves.
- Kraken's move received support from industry figures like Gemini's Tyler Winklevoss.
Corporate Strategy
- Kraken is preparing for a potential US public listing in early 2026 with staff changes and high-level exits.
- Partnerships, such as with Circle, are enhancing Kraken's liquidity options for clients.