The US Crypto Exchange Kraken has announced that it will donate 2 million dollars to two political action groups that stand up for the rights of crypto users. The company says that the struggle for clear regulations and the preservation of fundamental freedoms is by no means over.
Kraken is committed to clear rules
Co CEO Arjun Sethi announced through a message on X that Kraken is donating 1 million dollars to the Freedom Fund Pac. Kraken also adds another 1 million dollars to the contribution to America First Digital. According to Sethi, it is essential to intervene. There is currently unclear rules in the United States, the ban on privacy tools and attempts to criminalize the crypto infrastructure.
A spokesperson for Kraken states that the company does not support a political party, but principles such as privacy, self -preservation and innovation. “Crypto is a non -party -bound theme. We support candidates who are committed to pro crypto policy and for a clear and effective regulatory framework,” said the spokesperson.
Strategic investment of Kraken
Although the two groups received the money known for their ties with Republican and Pro-Trump circles, Kraken states that it is a strategic investment in the legal and regulatory foundation of Crypto.
The donation comes at a time when several bills in Washington make progress about the market structure of digital assets. In July, the House of Representatives agreed to the so -called Genius Act. This law clarifies the rules on Stablecoins. The Senate is also working on a broader law that can be with President Donald Trump before the end of 2025. This law must record the roles of the SEC and the CFTC in the supervision of digital assets.
50 million Americans own crypto
According to Kraken, the results of the 2024 elections show that politics cannot continue to adhere to the status quo. “More than 50 million Americans have crypto. It is time for policymakers to replace failed leaders and adopt legislation that modernizes the market structure,” said the spokesperson.
The use of Kraken is in line with a broader movement in the sector. Earlier this month the Fellowship PAC was founded with more than 100 million dollars. This supports Pro Innovation and Pro crypto candidates. The Fairshake PAC, which issued more than 130 million dollars on political advertisements in 2024, is also preparing for the 2026 elections.
Source: https://newsbit.nl/kraken-doneert-2-miljoen-om-amerikaanse-cryptobelangen-te-verdedigen/
