Kraken Donates $2 Million to PACs to Support Crypto Privacy and Freedom

Highlights:

• Kraken pledges to donate $2 million to PACs supporting crypto privacy, not a political party.
• Arjun Sethi says the crypto fight is about freedom, privacy, and self-custody rights.
• Kraken donation gets support from crypto leaders, including Gemini co-founder Tyler Winklevoss.

Kraken, a large cryptocurrency exchange, has promised to give $2 million to political action committees (PACs) that support Donald Trump in order to promote crypto privacy rights. Arjun Sethi, Kraken’s co-CEO, said on Tuesday that $1 million will go to the Digital Freedom Fund PAC and the rest will go to America First Digital. The Freedom Fund PAC is known as a pro-Trump super PAC that backs Republican candidates.

“The fight for crypto in the United States is far from over,” Sethi tweeted Tuesday. He said the donations are “strategic investments” to help build the laws and rules that will shape crypto’s future. He explained that Kraken is not choosing a political party but is supporting ideas like privacy, self-control of assets, and new technology. Ahead of the 2026 midterms, PACs are spreading funds across parties, framing digital assets as a constitutional fight.

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

These donations come as politics in Washington are changing. Several crypto bills are moving forward. In July, the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act passed the House with over 300 votes, including support from 102 Democrats.

In August, Senator Cynthia Lummis said a digital asset market structure bill might get to President Donald Trump by the end of 2025, maybe even before Thanksgiving. The bill will explain how the SEC and CFTC should share the job of regulating digital assets.

Crypto’s Ongoing Fight for Freedom and Regulation in the U.S.

Arjun Sethi said the fight is about more than market infrastructure. It is about people’s rights in a digital age. He said that when Satoshi created Bitcoin in 2008, it was not just a technical breakthrough. It was a response to opaque financial systems, unchecked intermediaries, and the loss of individual control. He said crypto was born as a peaceful revolution to let people hold value, transact freely, and operate outside arbitrary control.

He said this vision reflects American values such as privacy, self-determination, and the right to build without permission. Sethi warned that these ideals are now under pressure. He said threats include regulatory uncertainty, enforcement by headline, attempts to criminalize infrastructure, and bans on privacy tools. He said these are not just policy issues. They are constitutional questions about how financial freedom fits into a free society.

Kraken Backs Crypto Freedom Amid Privacy Tool Crackdown

Kraken’s donation comes as U.S. officials target crypto privacy tools, with Samourai Wallet and Tornado Cash developers facing possible money-laundering charges. Experts fear this could criminalize core blockchain tech. Sethi said Kraken supports the right to hold your own crypto, build decentralized systems freely, avoid surveillance-based finance, and use open systems.

The announcement got quick support from crypto leaders, including Gemini co-founder Tyler Winklevoss, who praised Kraken’s involvement. Last month, the Winklevoss twins donated over $21 million in Bitcoin to start the Digital Freedom Fund.

Thank you for joining the cause @DavidLRipley! Excited to work with you, @arjunsethi, and the @krakenfx team on the @FreedomFundPAC to make America the crypto capital of the world! 🙌🇺🇸🚀 https://t.co/3HLL2gX1a8

— Tyler Winklevoss (@tyler) September 24, 2025