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Kraken, that paragon of digital ambition, has cast itself as the vanguard of the United States’ crypto policy, donating a million bucks to a pro-Trump PAC, because nothing says “freedom” like a $1 million check to a political group 🧠💸.
Co-CEO Arjun Sethi, ever the philosopher-entrepreneur, declared the move a valiant defense of fundamental rights in the digital epoch, warning that the foundational principles of crypto face mounting threats-probably from the IRS, or maybe a rogue algorithm 🧠.
The fight for crypto in the United States is far from over.
That is why Kraken is donating $1 million to @FreedomFundPAC and increasing 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
A Fight Beyond Markets
“The fight for crypto in the United States is far from over,” Sethi wrote on Sept. 23, bringing into light issues like regulatory uncertainty, enforcement-by-headline tactics, attempts to criminalize infrastructure, and bans on privacy tools as constitutional questions about financial freedom. Truly, a modern-day odyssey 🧠⚖️.
According to him, Bitcoin’s creation in 2008 was both a technical and philosophical breakthrough, a peaceful revolution aimed at decentralizing value and power. Sethi stressed that Kraken’s contributions are not about backing a political party but protecting principles-like the right to self-custody assets, which, in this case, might mean keeping your crypto in a vault or a well-funded PAC 🧠.
These include the right to self-custody assets, building and using decentralized systems without permission, opting out of surveillance-based finance, and ensuring open, composable infrastructure. “They are extensions of the Bill of Rights, rendered in code,” he argued. A digital Bill of Rights, because who needs a physical one when you have a blockchain? 🧠🔐.
Building Influence in Washington
America First Digital, led by Jason Thielman and Kristin Walker, has been pushing for pro-crypto legislation, including the reintroduction of the BITCOIN Act, which proposes $80 billion in Bitcoin purchases for a strategic US reserve. Because nothing says “national security” like holding 80 billion in a volatile asset 🧠📈.
Interestingly, Kraken’s announcement drew immediate industry support with crypto exchange Gemini’s Tyler Winklevoss, who last month contributed $21 million in Bitcoin to the Digital Freedom Fund, praised the move. “Welcome aboard! 🤝 Look forward to working with you and the @krakenfx team on the @FreedomFundPAC to make America the crypto capital of the world! 🇺🇸🚀”
Welcome aboard! 🤝 Look forward to working with you and the @krakenfx team on the @FreedomFundPAC to make America the crypto capital of the world! 🇺🇸🚀
– Tyler Winklevoss (@tyler) September 23, 2025
Kraken’s Corporate Balancing Act
Meanwhile, Kraken has trimmed staff and seen high-level departures as it prepares for a potential US public listing in early 2026. Yet, it has also doubled down on partnerships, teaming up with Circle to expand USDC and EURC support, offering clients greater liquidity and lower conversion fees. Because nothing says “financial stability” like a 2026 IPO and a partnership with Circle 🧠📈.
BTC
$113 041
24h volatility:
0.0%
Market cap:
$2.25 T
Vol. 24h:
$47.39 B
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2025-09-24 15:13