Kraken’s $2 million crypto PACs will now dominate U.S. politics after co-CEO Arjun Sethi declared Tuesday that the exchange would donate $1 million to the Freedom Fund PAC-recently blessed by the Federal Election Commission-and double its 2025 pledge to America First Digital.
The move proves crypto’s love affair with partisan politics is now a full-blown marriage. 🤵💍👰
Kraken Pledges $2M to Crypto PACs Backing Trump-Aligned Groups
Sethi claimed the industry’s “core principles”-like hoarding assets in digital vaults, building apps without asking permission, and avoiding government surveillance-are under siege from regulatory chaos and enforcement actions. Classic drama, darling. 🎭
The fight for crypto in the U.S. is far from over.
That is why Kraken is donating $1 million to @FreedomFundPAC and doubling our 2025 commitment to @a1stdigital to $1 million.
Congress has made real progress. Market structure bills are advancing. The tone in…
– Arjun Sethi (@arjunsethi) September 23, 2025
He called these “constitutional questions” that might redefine financial freedom. Or maybe just redefine wallets. 🧾
Kraken’s $2 million PAC donation arrives hot on the heels of the Winklevoss twins’ $21 million Bitcoin splurge to launch the Digital Freedom Fund. Meanwhile, lawmakers are flexing: the House passed the FIT21 bill in July, and the Senate is finally moving on stablecoins. Progress? Maybe. Or just a well-funded circus. 🐘
Crypto Donations Escalate Ahead of 2026 Elections
Political spending is now a blockbuster. The Fellowship PAC just announced a $100 million budget-because small change is so 2024. Fairshake, meanwhile, has spent over $100 million since 2024, claiming bipartisan charm. And Coinbase’s Stand With Crypto PAC? A “neutral” attempt to avoid picking sides. Spoiler: they’re all sides. 🎲
Crypto’s state race game is heating up too. In Georgia, PACs and AIPAC have funneled nearly $746,000 to Republican Mike Collins against Jon Ossoff. Supporters call it a “strategic investment.” Skeptics call it a bet on gridlock. Either way, the house always wins. 🏠
The stakes? Well, Congress is drafting market-structure bills and CBDC frameworks, while Senator Lummis’ BITCOIN Act aims to study a strategic reserve. Meanwhile, Kraken is buying Breakout to boost advanced trading and launching private markets. IPO dreams? They’ll hinge on whether Washington delivers clarity-or keeps playing Russian roulette with regulations. 🎰
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2025-09-24 16:32