Kraken, one of the largest U.S.-based bitcoin exchanges, has committed $2 million to political action committees (PACs) focused on advancing pro-crypto & bitcoin policies.
The funds will be split evenly between the Freedom Fund PAC and America First Digital, according to an announcement by Kraken Co-CEO Arjun Sethi.
Kraken’s stance on policy
In a statement, a Kraken spokesperson explained the motivation behind the donations:
“As one of the largest and longest-standing digital asset businesses in the US, Kraken believes it is critical to engage in public policy issues that directly impact our clients, employees, and the broader crypto community.”
Sethi emphasized that the donations are intended as investments in legal and regulatory frameworks, not as endorsements of any political party.
However, both PACs have known affiliations with pro-Trump and Republican groups.
The spokesperson clarified Kraken’s approach:
“Crypto is a non-partisan issue. Our support for the Digital Freedom Fund PAC and America First Digital reflects Kraken’s position as a single-issue donor: we will back candidates who advance pro-crypto policies and work toward a clear, effective regulatory framework.”
Regulatory landscape
The donations arrive as market structure bills advance in Washington.
The GENIUS Act, which addresses stablecoin regulation, passed the House with broad bipartisan support in July.
Senator Cynthia Lummis has stated that a digital asset market structure bill could reach President Trump’s desk by the end of 2025, building on the CLARITY Act, which also passed the House.
Rising influence of PACs
Kraken’s announcement comes as a growing number of bitcoin advocacy groups increase funding efforts ahead of the 2026 legislative elections.
Earlier this month, Fellowship PAC launched with over $100 million to support pro-innovation, pro-bitcoin candidates.
The Fairshake PAC, another major player, reportedly spent more than $130 million in the 2024 election cycle.
Impact
Kraken highlighted the significant number of Americans involved in crypto and bitcoin, noting:
“More than 50 million Americans own crypto, and the message from the 2024 elections was clear — policymakers must move beyond the status quo, remove failed leadership, and pass smart market structure legislation.”
