Kraken
$474.47M
The company announced a $1 million donation to the Freedom Fund PAC and pledged another $1 million to be given in 2025 to America First Digital.
The announcement came from Arjun Sethi, Kraken’s co-CEO, who emphasized the company’s concerns about the increasing challenges facing cryptocurrency in the United States.
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According to Sethi, digital finance in the US is being affected by a range of problems, including unclear regulations, punitive enforcement practices, restrictions on privacy tools, and efforts to criminalize crypto infrastructure.
He described these challenges as raising serious questions about how personal financial freedom aligns with the concept of individual rights in society.
Sethi pointed to the beginnings of Bitcoin
The donation to America First Digital supports a political group led by Jason Thielman, who previously served as the executive director of the National Republican Senatorial Committee.
With these donations, Kraken is backing several ideas. These include individuals who should be able to hold their own crypto, build decentralized systems without needing approval, choose to avoid financial systems that monitor their activity, and use open digital infrastructure freely.
Meanwhile, Coinbase
$1.9B
