Kraken Pledges $2 Million to Pro-Crypto Conservative PACs

Kraken

$459.46M

has committed a total of $2 million to two conservative political groups that support digital asset rights.

The company announced a $1 million donation to the Freedom Fund PAC and pledged another $1 million to be given in 2025 to America First Digital.

The announcement came from Arjun Sethi, Kraken’s co-CEO, who emphasized the company’s concerns about the increasing challenges facing cryptocurrency in the United States.

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According to Sethi, digital finance in the US is being affected by a range of problems, including unclear regulations, punitive enforcement practices, restrictions on privacy tools, and efforts to criminalize crypto infrastructure.

He described these challenges as raising serious questions about how personal financial freedom aligns with the concept of individual rights in society.

Sethi pointed to the beginnings of Bitcoin
BTC

$112,994.32

as part of a peaceful shift toward more personal control over money. He described the values behind crypto as closely tied to personal choice and constitutional freedoms.

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The donation to America First Digital supports a political group led by Jason Thielman, who previously served as the executive director of the National Republican Senatorial Committee.

With these donations, Kraken is backing several ideas. These include individuals who should be able to hold their own crypto, build decentralized systems without needing approval, choose to avoid financial systems that monitor their activity, and use open digital infrastructure freely.

Meanwhile, Coinbase

$1.86B

announced plans to release a new futures product, “Mag7 + Crypto Equity Index Futures”. What is it? Read the full story.