Kraken has announced a $2 million donation to two political action committees: the Freedom Fund PAC and America First Digital. This move is aimed at defending the rights of crypto users in the United States amidst ongoing concerns over regulatory uncertainty and potential restrictions on self-custody and privacy in the crypto space. Kraken co-CEO Arjun Sethi highlighted the importance of protecting core digital rights, emphasizing that this initiative is a strategic investment into the legal frameworks that influence the future of cryptocurrency. Although Sethi maintains that Kraken is not backing any particular political party, both recipient groups have strong ties to Republican interests. These donations come as the political landscape in Washington is evolving, with various bills related to digital asset regulation being discussed. Recently, a bipartisan bill aimed at clarifying the roles of regulatory bodies for digital assets gained support, and further developments are expected as the 2025 legislative elections approach. Other pro-crypto advocacy groups are also ramping up efforts to influence upcoming elections after securing significant funding to support supportive candidates.

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