Crypto Exchange Kraken has pledged $2 million to two groups politically, what is called the ongoing battle to protect the freedom of core US crypto.
In a post on Tuesday on X, Kraken co-CEO Arjun Sethi announced that the exchange would donate $1 million to the Freedom Fund PAC, increasing its commitment to America First Digital in 2025 to $1 million.
“The code fight in the US is not over,” Seti wrote. He warned that Crypto’s fundamental rights are under threat from “regulatory uncertainty,” banning efforts to criminalize privacy tools and infrastructure, such as independent and decentralized access.
“As one of the largest and longest-established digital asset businesses in the United States, Kraken believes it is important to engage in public policy issues that directly affect clients, employees, and the broader crypto community,” a Kraken spokesperson told Cointelegraph.
Related: Crypto Support Super PAC Report to raise $78 million for medium-term efforts in 2026
Principles of code, not political parties
Seti described the donation as “a strategic investment in legal and regulatory frameworks that define the future of crypto,” adding that Kraken “not supporting parties,” but supports principles such as privacy, self-duty and innovation. However, both groups that received Kraken’s donation are consistent with Pro Trump and Republican-led causes, with the Freedom Fund PAC being said to be the candidate for Pro Trump’s Super PAC Backing Republican.
“Crypto is a nonpartisan issue. Our support for the Digital Freedom Fund PAC and America First Digital reflects Kraken’s position as a single issue donor. We support candidates who will advance procrypt policy and address clear and effective regulatory frameworks,” a Kraken spokesperson added.
The donations came amid the changing political landscape of Washington, where several market structure bills have advanced. In July, he led and established the US Stablecoins (Genius) Act, which was passed with over 300 housing votes, including support from 102 Democrats.
In August, Sen. Cynthia Ramis said the Digital Asset Market Structure Bill could reach President Donald Trump’s desk by the end of 2025, perhaps before Thanksgiving.
This law clarifies the role of SEC and CFTC in regulating digital assets. Lummis said the Senate version would be built on the Clarity Act, which passed the House in July with bipartisan support and served as the basis for the final bill.
“More than 50 million Americans own the code, and the message from the 2024 election was clear. Policymakers must move beyond the status quo, remove failed leadership and pass the laws of smart market structure,” a Kraken spokesperson said.
Related: Crypto support groups raise $141 million in funds to impact US elections
Fellowship PAC will be released for $100 million
Crypto advocacy groups are stepping up their efforts ahead of the 2026 legislative elections. Earlier this month, Fellowship PAC, a political action committee focused on new codes, launched with more than $100 million to support support candidates in the US federal election.
The Fellowship is on an increasing list of code-backed political groups, including Fairshake PAC, which spent more than $130 million in advertising in 2024. In July, Fairshake reported that it would own $141 million in assets used to affect future elections.
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