Kraken has pledged to donate $2 million to two pro-crypto political action committees (PACs) to continue supporting the fight for the “core rights” of individuals and protect privacy and innovation in the US.
In an X post, Sethi asserted that “the fight for crypto in the United States is far from over,” despite the positive developments and the shift in tone in Washington, from “fear to understanding,” throughout 2025.
Crypto was born as a peaceful revolution to give people the ability to hold value, transact freely, and operate outside systems of arbitrary control. That vision is deeply American. (…) These are not fringe ideals. They are extensions of the Bill of Rights, rendered in code.
Nonetheless, Kraken’s co-CEO considers that the fight for “the core rights of individuals in a digital age” continues, and the foundations of open financial systems remain under threat due to regulatory uncertainty, headline-driven enforcement, attempts to criminalize infrastructure, and bans on privacy tools.
Therefore, the contributions are “strategic investments in the legal and regulatory frameworks that will define crypto’s future in the United States, not just for Kraken, but also for every developer, founder, and user building in this space.”
The group is set to support “champions of President Trump’s crypto agenda” and secure their victories in the upcoming primary races and the midterm elections, Tyler Winklevoss explained in August.
The super PAC, along with its two affiliate groups Defend American Jobs and Protect Progress, reportedly invested more than $130 million to support nearly 60 pro-industry candidates during the 2024 election race.
