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Kraken relies $ 2 million on digital freedom protection in the USA
Kraken invests $ 2 million in Pro Crypto Pacs to promote digital freedom while the US economy is weakening.
Kraken relies $ 2 million on digital freedom protection in the USA
Kraken, one of the leading cryptocurrency exchanges, took an important step on October 5, 2025 to strengthen lobbying for the crypto industry in the United States. Arjun Sethi, co-CEO of octopus, announced an obligation of $ 2 million in two pro-crypto political action committees, the Freedom Fund and America First Digital. This donation is to be understood as a commitment to digital freedom, even if both PACs mostly support Republican candidates and Donald Trump. Sethi explained that octopuses each will assign $ 1 million to both committees.
The announcement comes at a time when the cryptocurrency market has grown by 45 % since the beginning of the year with a current market capitalization of over $ 4 trillion. Nevertheless, surveys indicate that a majority of the Americans believe that the economy is on the wrong way. According to a Reuters/IpsOS survey, the consent for Trump is 41 %.
Commitment to principles
Sethi underlined that octopuses do not support a specific political camp, but stand up for basic principles such as self -storage and decentralized systems. He emphasized the concern about regulatory attacks and prohibitions of data protection tools, which are still a challenge for the crypto industry.
In the past, the crypto industry has already invested $ 160 million for lobbying editions last October, which contributed to cheaper regulatory conditions. In the upcoming Midterm election, crypto-pacs collected a total of $ 140 million in order to support mainly candidates with pro-crypto agents.
Political milestones
One of the most important developments in this context is the Genius Act, an important pro-crypto law, which was introduced by Senator Bill Hagerty and adopted with cross-party support. In this context, Kraken benefits from regulatory progress, including the ceasing of a lawsuit by the SEC against the company in March.
Arjun Sethi made it clear that the struggle for cryptocurrencies in the United States continues to exist. In view of the increasing vigilance of the regulatory authorities, it remains crucial to stand up for the principles and freedoms of crypto users.