The Kraken $2 million crypto PAC will take the central stage in US politics after CO-CEO Arjun Sethi announced Tuesday that the exchange donated $1 million to the Federal Election Commission to the Freedom Fund PAC, raising its 2025 pledge to US First Digital to $1 million.
The move emphasizes deepening Crypto’s involvement in partisan politics.
Kraken pledges $2 million to Crypto PACS, which supports the Trump-lined group
Seti unlocked self-learning of assets, decentralized development without permission, and surveillance finance, arguing that there is a risk from regulatory uncertainty and enforcement actions.
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He framed these as “constitutional questions” that could shape the economic freedoms of the United States.
Kraken’s $2 million Crypto Pacs donation follows a $21 million Bitcoin commitment from Gemini co-founders Cameron and Tyler Winklevoss, launching the Digital Freedom Fund. Meanwhile, lawmakers are stepping up their efforts. In July, the House of Representatives passed the FIT21 Market Structure Bill. This summer, the Senate advanced the federal stubcoin framework and gained momentum after years of gridlock.
Crypto donations escalate ahead of the 2026 election
Political spending continues to grow. The new Super PAC, The Fellowship PAC, announced its $100 million budget this month. In contrast, industry groups such as Fairshake have reported bipartisan spending of over $100 million since 2024. Additionally, Coinbase-aligned Stand by Crypto launched a member-led PAC last year, reflecting efforts to avoid partisan division.
Crypto’s presence in the state race is also growing. In Georgia, the PAC and the US Israeli Public Affairs Committee supported Republican Mike Collins for around $746,000 against Democratic Sen. John Ossoff. Supporters argue that such contributions are strategic investments to ensure clear rules for developers and investors. However, skeptics warn that obvious consistency with one party could narrow the industry’s impact if power changes.
Interests go beyond campaign finance. House leaders have recently highlighted the market structure and progress on the CBDC bill, and Senator Cynthia Ramis and allies have introduced the Bitcoin Act to study strategic preparation.
In parallel, Kraken expanded its operations, from obtaining breakouts to strengthening sophisticated trading ahead of possible IPOs, to launching a private market for US investors. Corporate expansion and political engagement aligns demonstrate how regulatory outcomes directly affect exchange growth strategies. Kraken’s IPO ambitions may depend on whether Washington brings clarity or whether Gridlock will continue.
