Kraken Donates $1M to Pro-Trump PAC to Support Crypto Privacy Rights
Kraken announced a $2 million donation to pro-Trump organizations as part of its efforts to uphold cryptocurrency rights in the U.S. Kraken co-CEO Arjun Sethi stated that the challenges facing cryptocurrency are ongoing, including regulatory uncertainties and potential criminalization of infrastructure. He emphasized the core values of Bitcoin, relating them to self-determination and constitutional rights. The Digital Freedom Fund PAC, which promotes pro-Republican crypto policies, received $1 million, along with an additional commitment to America First Digital. Sethi alerted against attempts to limit financial freedom, calling these challenges a critical constitutional issue. The donation aligns with a broader trend of crypto leaders engaging in political activism to protect their rights and industry interests. The move has garnered support from other prominent figures in the crypto space, highlighting a significant shift towards strategic lobbying for pro-crypto policies in the political landscape.
Source 🔗