The Crypto Exchange Kraken has pledged $ 2 million in two political groups as part of the so -called a continuing battle to defend major crypto freedoms in the US.
On a Tuesday Post In X, Kraken Co-Ceo Arjun Sethi announced that the exchange will give $ 1 million to the Freedom Fund PAC and increase its 2025 promise to America First Digital up to $ 1 million.
“The battle for crypto in the United States is far away,” Sethi wrote. He warned that crypto foundation rights, such as self-custody and decentralized access, remains a threat from “uncertainty of regulation,” prohibiting privacy tools and trying to criminal infrastructure.
“At stake is more than just the infrastructure of the market. It is a battle for the basic rights of individuals at a digital age,” he added.
Related: Super PAC reports supported by Crypto raised $ 78m for 2026 Midterm efforts
Crypto principles, not political party
Sethi described donations as “strategic investments in legal and regulatory frameworks to define the future of crypto,” adding that Kraken is “not supporting a party” but supports principles such as privacy, self-custody and innovation. However, both groups receiving Kraken’s donations are aligned with Pro-Trump and Causes of Republican led, including the Freedom Fund Pac to have described As a pro-Trump Super PAC who supports Republican candidates.
Donations came in the midst of a political scene shift in Washington, where some market structure bills advanced. In July, the Guide and Establishment of National Innovation for US Stablecoins (Genius) Act passed With more than 300 votes at homeIncludes support from 102 Democrats.
In August, Senator Cynthia Lummis said a digital structure of the asset market structure President Donald Trump’s desk can be reached By the end of 2025, maybe before Thanksgiving.
The law will clarify the roles of the SEC and CFTC in regulating digital assets. Lummis says the Senate version will develop The law of cleanlinessWhich one The house was passed in July with Bipartisan support, and likely to serve as the basis for the final bill.
Cointelegraph handed Kraken to comment, but did not receive a response by publishing.
Related: Crypto -supported group accumulates $ 141m funding to influence the US election
Fellowship PAC launches $ 100 million
Crypto advocacy groups are increasing efforts before the 2026 legislative election. Earlier this month, a new political action committee dedicated to Crypto, Fellowship PAC, Launched with more than $ 100 million In funding to support pro-innovation, pro-Crypto candidates in the US federal election.
The fellowship joins a growing list of political groups supported by Crypto, including Fairshake PAC, which Spent more than $ 130 million in 2024 to ads. In July, fairshake reported holding $ 141 million In the assets to be used to influence the upcoming election.
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