The post Kraken Pledges $2 Million to Pro-Crypto PACs to Back Crypto Privacy Rights appeared first on Coinpedia Fintech News

As the crypto industry gains influence in Washington, major players are stepping up their efforts to shape the future of digital assets. Companies and advocacy groups are increasingly supporting initiatives and candidates that promote innovation, financial freedom, and open access to cryptocurrency.

Kraken Commits $2 Million To Pro-Crypto Initiatives

In a latest move, Kraken is donating $1 million to Freedom Fund PAC and increasing its 2025 support for America First Digital to $1 million. These moves reflect the company’s commitment to protecting open and fair financial systems.

Financial Freedoms Face Risk

Kraken Co-CEO Arjun Sethi highlights that the Congress has made meaningful progress, with market structure bills moving forward and the tone in Washington gradually shifting from fear to understanding. But he points out that the fight for crypto in the United States is far from over.

He describes Bitcoin as both a technical and philosophical breakthrough that was created in response to opaque financial systems and unchecked intermediaries. Crypto, he explains, was meant as a ‘peaceful revolution’, giving people control over their money, the freedom to transact, and operate outside the systems of arbitrary control.

Its core principles: privacy, self-determination, and the freedom to build without permission, echo fundamental American values. In his words, they are extensions of the Bill of Rights, written in code.

But he cautions that these ideals are under growing threat. “At stake is more than market infrastructure. This is a fight for the core rights of individuals in a digital age,” he said. Unclear regulations, selective enforcement, attempts to shut down infrastructure, and limits on privacy tools all put those ideals at risk.

For Sethi, this is not just a policy debate, they are constitutional questions about how financial freedom fits into a free society.

Kraken Backs Principles Over Politics

He points out that Kraken is not backing a political party, but is supporting core principles. These include:

  • the right to self-custody your assets, 
  • the ability to build and use decentralized systems without permission, 
  • the freedom to avoid surveillance-based finance, and 
  • open infrastructure that anyone can access. 

These contributions are meant to shape the legal and regulatory rules that will guide crypto’s future in the U.S., benefiting not just Kraken, but every developer, founder, and user in the space.

.article-inside-link {
margin-left: 0 !important;
border: 1px solid #0052CC4D;
border-left: 0;
border-right: 0;
padding: 10px 0;
text-align: left;
}

.entry ul.article-inside-link li {
font-size: 14px;
line-height: 21px;
font-weight: 600;
list-style-type: none;
margin-bottom: 0;
display: inline-block;
}

.entry ul.article-inside-link li:last-child {
display: none;
}

  • Also Read :
  •   Ethereum Founder Vitalik Buterin Urges Open Systems to Protect Democracy and Privacy
  •   ,

Tyler Winklevoss Welcomes The Move

Kraken’s announcement quickly gained support within the crypto industry.

Tyler Winklevoss of Gemini welcomed the move, who donated $21 million in Bitcoin to the Freedom Fund PAC in August. 

The twins are backing Republican candidates who support President Trump’s crypto agenda, in contrast with broader industry efforts, which backs candidates from both parties.

Crypto PACs Gear Up For 2026 Elections

As the 2026 election approaches, crypto advocacy groups are ramping up their efforts. Just recently, a new political action committee, Fellowship PAC was launched with more than $100 million in funding to back pro-crypto candidates.

While Fairshake PAC said it had $141 million available to influence the upcoming elections as of July.

.article_register_shortcode {
padding: 18px 24px;
border-radius: 8px;
display: flex;
align-items: center;
margin: 6px 0 22px;
border: 1px solid #0052CC4D;
background: linear-gradient(90deg, rgba(255, 255, 255, 0.1) 0%, rgba(0, 82, 204, 0.1) 100%);
}

.article_register_shortcode .media-body h5 {
color: #000000;
font-weight: 600;
font-size: 20px;
line-height: 22px;
text-align:left;
}

.article_register_shortcode .media-body h5 span {
color: #0052CC;
}

.article_register_shortcode .media-body p {
font-weight: 400;
font-size: 14px;
line-height: 22px;
color: #171717B2;
margin-top: 4px;
text-align:left;
}
.article_register_shortcode .media-body{
padding-right: 14px;
}

.article_register_shortcode .media-button a {
float: right;
}
.article_register_shortcode .primary-button img{
vertical-align: middle;
width: 20px;
margin: 0;
display: inline-block;
}

@media (min-width: 581px) and (max-width: 991px) {
.article_register_shortcode .media-body p {
margin-bottom: 0;
}
}

@media (max-width: 580px) {
.article_register_shortcode {
display: block;
padding: 20px;
}

.article_register_shortcode img {
max-width: 50px;
}

.article_register_shortcode .media-body h5 {
font-size: 16px;
}

.article_register_shortcode .media-body {
margin-left: 0px;
}

.article_register_shortcode .media-body p {
font-size: 13px;
line-height: 20px;
margin-top: 6px;
margin-bottom: 14px;
}

.article_register_shortcode .media-button a {
float: unset;
}

.article_register_shortcode .secondary-button {
margin-bottom: 0;
}
}

Never Miss a Beat in the Crypto World!

Stay ahead with breaking news, expert analysis, and real-time updates on the latest trends in Bitcoin, altcoins, DeFi, NFTs, and more.

.subscription-options li {
display: none;
}
.research-report-subscribe{
background-color: #0052CC;
padding: 12px 20px;
border-radius: 8px;
color: #fff;
font-weight: 500;
font-size: 14px;
width: 96%;
}
.research-report-subscribe img{
vertical-align: sub;
margin-right: 2px;
}

var templateIds = “6”;
var listOfSubscribed = [];

function subscribed_popupmodal(template_id) {
var templateId = ‘6’;
getAllSubscriberCategoryList([templateId]);
var subcribemodal = window.parent.document.getElementById(‘subscribe-modal-design’);
if (subcribemodal) {
var modalContent = `

`;
subcribemodal.innerHTML = modalContent;
}
subscribe_unsubscribe_status(template_id);
//getAllSubscriberCategoryList(template_id);
}

function toggleSubscription(subscription, template_id) {
var subscriptionCheckbox = document.getElementById(subscription + ‘_’ + template_id);
var li = document.getElementById(subscription + ‘Selected_’ + template_id);
if (subscriptionCheckbox.checked) {
li.classList.add(‘active’);
} else {
li.classList.remove(‘active’);
}
}

function getAllSubscriberCategoryList(getcategoryId) {

jQuery.ajax({
url: ‘https://coinpedia.org/wp-admin/admin-ajax.php’,
type: ‘GET’,
data: {
action: ‘subscribe_api_ajax_request’,
apiurl: ‘/app/email_newsletter/list’,
},
success: function(response) {
var result = JSON.parse(response.message);

if (result.status === true) {

var idstosubscribed = []
// Populate listOfSubscribed with subscribed category IDs
result.message.forEach(listofcategory => {

if (listofcategory.subscribe_status === 1) {
if (!listOfSubscribed.includes(listofcategory._id)) {

listOfSubscribed.push(listofcategory._id);
}

if (!idstosubscribed.includes(listofcategory.news_cp_category_row_id)) {
idstosubscribed.push(listofcategory.news_cp_category_row_id);
}
}
});

idstosubscribed.forEach(id => {
var subscribeButton = document.getElementById(‘subscribe_’ + id);
var unsubscribeButton = document.getElementById(‘unsubscribe_’ + id);

if (subscribeButton && unsubscribeButton) {
subscribeButton.style.display = ‘none’;
unsubscribeButton.style.display = ‘block’;
var showDownloadReport = document.getElementById(‘download_report’);

if (showDownloadReport) {
showDownloadReport.style.display = ‘block’;
}
}
});
}

},
error: function(xhr, status, error) {
console.error(‘Error:’, error);
}
});
}

function subscribe_unsubscribe_status(getcategoryId) {
var elementTounsubscribe = parent.document.getElementById(‘unsubscribe_’ + getcategoryId);
var elementTosubscribe = parent.document.getElementById(‘subscribe_’ + getcategoryId);
jQuery.ajax({
url: ‘https://coinpedia.org/wp-admin/admin-ajax.php’,
type: ‘POST’,
data: {
action: ‘subscribe_api_ajax_request’,
apiurl: ‘/app/email_newsletter/list?category_row_id=’ + getcategoryId,
},
success: function(response) {
var result = JSON.parse(response.message);
if (result.status === true) {
parent.jQuery(‘.skeliton-loader-block’).hide();
var hasSubscribeStatusOne = false;
result.message.forEach(subscribeStatus => {
if (listOfSubscribed.includes(subscribeStatus._id) && subscribeStatus.subscribe_status === 1) {
hasSubscribeStatusOne = true;
}
if (subscribeStatus.notification_type === 3) {
parent.document.getElementById(‘monthlySelected_’ + getcategoryId).style.display = ‘block’;
parent.document.getElementById(‘monthly_’ + getcategoryId).setAttribute(‘data-id’, subscribeStatus._id);
if (subscribeStatus.subscribe_status === 1) {
parent.document.getElementById(‘monthly_’ + getcategoryId).checked = true;
}
} else if (subscribeStatus.notification_type === 2) {
parent.document.getElementById(‘weeklySelected_’ + getcategoryId).style.display = ‘block’;
parent.document.getElementById(‘weekly_’ + getcategoryId).setAttribute(‘data-id’, subscribeStatus._id);
if (subscribeStatus.subscribe_status === 1) {
parent.document.getElementById(‘weekly_’ + getcategoryId).checked = true;
}
} else if (subscribeStatus.notification_type === 1) {
parent.document.getElementById(‘dailySelected_’ + getcategoryId).style.display = ‘block’;
parent.document.getElementById(‘daily_’ + getcategoryId).setAttribute(‘data-id’, subscribeStatus._id);
if (subscribeStatus.subscribe_status === 1) {
parent.document.getElementById(‘daily_’ + getcategoryId).checked = true;
}
}
if (subscribeStatus.subscribe_status === 1) {
listOfSubscribed.push(subscribeStatus._id);
}
});
if (hasSubscribeStatusOne) {
elementTosubscribe.style.display = ‘none’;
elementTounsubscribe.style.display = ‘block’;
} else {
elementTosubscribe.style.display = ‘block’;
elementTounsubscribe.style.display = ‘none’;
}
}
},
error: function(xhr, status, error) {
console.error(‘Error:’, error);
}
});
}

function logSelectedSubscriptions(categoryid) {
var unsubscribemodal = document.querySelector(‘.unsubscribed-popup-modal .modal’);
var subscribedmodal = document.querySelector(‘.subscribed-popup-modal .modal’);
unsubscribemodal.innerHTML=”;
subscribedmodal.innerHTML=”;
var selectedSubscriptions = [];
var storeCheckedId = [];
var checkboxes = document.querySelectorAll(‘#subscription-options-‘ + categoryid + ‘ input[type=”checkbox”]’);
var errorMessage = document.getElementById(‘error-message-select’);

// Use a Set to handle unique data-ids
var uniqueSubscribedIds = new Set(listOfSubscribed);

checkboxes.forEach(function(checkbox) {
var dataId = parseInt(checkbox.getAttribute(‘data-id’));
if (checkbox.checked) {

selectedSubscriptions.push(checkbox.id);
storeCheckedId.push(dataId);
} else {

uniqueSubscribedIds.delete(dataId); // Remove unchecked data-id
}
});

// Update listOfSubscribed with unique values
listOfSubscribed = Array.from(uniqueSubscribedIds);

var selectedSubscriptionsString = selectedSubscriptions.join(‘, ‘);
var concatinateSubscribeId = […new Set(storeCheckedId.concat(listOfSubscribed))];

var categoryData = {
‘subscribed_categories’: concatinateSubscribeId
};

var requestSubscriberData = {
action: ‘handle_dynamic_api_request_with_headers’,
security: ‘ff7a52eb80’,

endpoint: ‘/app/email_newsletter/update_categories’,
token: ”,
data: categoryData
};

jQuery.ajax({
url: ‘https://coinpedia.org/wp-admin/admin-ajax.php’,
type: ‘POST’,
data: requestSubscriberData,
beforeSend: function(xhr) {
xhr.setRequestHeader(‘X-Requested-With’, ‘XMLHttpRequest’);
},
success: function(response) {
try {
response = response.data;

if (storeCheckedId.length === 0) {
var unsubcribedPopUpmodal =

`

We’re sorry to see you go! Your subscription has been canceled. If you change your mind, you can re-subscribe anytime. Thank you for being part of our community!

`;
unsubscribemodal.innerHTML = unsubcribedPopUpmodal;
document.querySelector(‘#subscribe-modal-design .modal’).style.display = ‘none’;
unsubscribemodal.style.display = ‘block’;
unsubscribemodal.classList.remove(‘hide’);
unsubscribemodal.classList.add(‘show’);
document.getElementById(‘subscribe_’ + categoryid).style.display = ‘block’;
document.getElementById(‘unsubscribe_’ + categoryid).style.display = ‘none’;
var showDownloadReport = document.getElementById(‘download_report’);
if (showDownloadReport) {
showDownloadReport.style.display = ‘none’;
}

} else {

var subscribedPopupModal =

`

Thank you for subscribing to our crypto and blockchain newsletter! You’ll now receive the latest news, insights, and updates straight to your inbox. Welcome to our community!

`;

let selectedSubscriptionsArray = selectedSubscriptionsString.split(‘,’);
let subscribedCategories = selectedSubscriptionsArray.map(subscription => subscription.split(‘_’)[0]);
let subscribedCategoriesString = subscribedCategories.join(‘, ‘);

subscribedmodal.innerHTML = subscribedPopupModal;
if (document.getElementById(‘selectidname’)) {
document.getElementById(‘selectidname’).textContent = subscribedCategoriesString;
}

document.querySelector(‘#subscribe-modal-design .modal’).style.display = ‘none’;
subscribedmodal.style.display = ‘block’;
subscribedmodal.classList.remove(‘hide’);
subscribedmodal.classList.add(‘show’);
document.getElementById(‘subscribe_’ + categoryid).style.display = ‘none’;
document.getElementById(‘unsubscribe_’ + categoryid).style.display = ‘block’;
var showDownloadReport = document.getElementById(‘download_report’);
if (showDownloadReport) {
showDownloadReport.style.display = ‘block’;
}

}

} catch (e) {
console.error(‘Error parsing response:’, e);
}
},

});
}

function closeModal(template_id) {
var modalId = template_id;
var modal = document.querySelector(‘#’ + modalId); // Using querySelector to find the modal

if (modal) {
modal.classList.add(‘hide’);
modal.classList.remove(‘show’);
setTimeout(function() {
modal.style.display = ‘none’;
}, 500);

} else {
console.warn(‘Modal not found:’, modalId);
}
}

function closeunsubscribemodal() {
var unsubscribemodal = document.querySelector(‘.unsubscribed-popup-modal .modal’);

if (unsubscribemodal) {
unsubscribemodal.classList.add(‘hide’);
unsubscribemodal.classList.remove(‘show’);
}
setTimeout(function() {
unsubscribemodal.style.display = ‘none’;
}, 500);
}

function closesubscribemodal() {
var subscribedmodal = document.querySelector(‘.subscribed-popup-modal .modal’);
setTimeout(function() {
subscribedmodal.style.display = ‘none’;
}, 500);
if (subscribedmodal) {
subscribedmodal.classList.add(‘hide’);
subscribedmodal.classList.remove(‘show’);
}
}

function withoutLoginClicked(withoutlogin_id) {

localStorage.setItem(‘subscribe_without_Login’, ‘true’);
localStorage.setItem(‘subscribe_clicked_id’, withoutlogin_id);
}

document.addEventListener(‘DOMContentLoaded’, function() {

const subscribewithoutData = localStorage.getItem(‘subscribe_without_Login’);
const subscribe_clicked_cat_id = localStorage.getItem(‘subscribe_clicked_id’);

// Function to get cookies
function getCookie(name) {
let value = “; ” + document.cookie;
let parts = value.split(“; ” + name + “=”);
if (parts.length == 2) return parts.pop().split(“;”).shift();
}

// Get user token from cookies
const userToken = getCookie(‘user_token’);

if (subscribewithoutData === ‘true’ && userToken) {
// Call the modal function with the category ID
subscribed_popupmodal(subscribe_clicked_cat_id);

// Remove the flag and category ID from localStorage
localStorage.removeItem(‘subscribe_without_Login’);
localStorage.removeItem(‘subscribe_clicked_id’);
}
});

/************************** update susbcriber content **************************** */
function initializeSubscriptionButton() {
var initialListItems = document.querySelectorAll(‘.subscription-options input[type=”checkbox”]’);
initialListItems.forEach(function(item) {
console.log(item.checked, ‘Initial Checkbox checked status’);
});

var listItems = document.querySelectorAll(‘.subscription-options li’);
if (listItems.length === 0) return;

var anyActive = false;
listItems.forEach(function(item) {
var checkbox = item.querySelector(‘input[type=”checkbox”]’);
if (checkbox) {
if (checkbox.checked) {
item.classList.add(‘active’);
anyActive = true; // Set anyActive to true
} else {
item.classList.remove(‘active’); // Remove ‘active’ class if checkbox is unchecked
}
}
});

}

function updateButtonText(anyActive) {
var subscribeButtonSpan = document.querySelector(‘.subscribe-submit .changeBtnText’);
if (subscribeButtonSpan) {
if (anyActive) {
subscribeButtonSpan.textContent = ‘Subscribe Now’;
} else {
subscribeButtonSpan.textContent = ‘Unsubscribe’;
}
}
}

function updateSubscriptionButton() {
var listItems = document.querySelectorAll(‘.subscription-options li’);
if (listItems.length === 0) return;

var anyActive = false;
listItems.forEach(function(item) {
var checkbox = item.querySelector(‘input[type=”checkbox”]’);
if (checkbox) {
if (checkbox.checked) {
item.classList.add(‘active’);
anyActive = true; // Set anyActive to true
} else {
item.classList.remove(‘active’); // Remove ‘active’ class if checkbox is unchecked
}
}
});

// Update the button text based on whether any list item has the ‘active’ class
updateButtonText(anyActive);
}
document.addEventListener(‘click’, function(event) {
var clickedItem = event.target.closest(‘.subscription-options li’);
if (clickedItem) {
var checkbox = clickedItem.querySelector(‘input[type=”checkbox”]’);
if (checkbox) {
checkbox.checked = !checkbox.checked;
updateSubscriptionButton();
}
}
});

FAQs

Why is Kraken donating to political action committees?

Kraken is donating to PACs to support candidates and initiatives that champion financial freedom and open access to crypto. The company aims to shape U.S. regulations in a way that benefits the entire crypto ecosystem.

What is a political action committee (PAC)?

A PAC is a group that pools campaign contributions from members to donate to political campaigns for or against candidates, legislation, or ballot initiatives. Crypto PACs are a major way the industry is influencing elections.

Which crypto companies are funding political initiatives?

Major crypto companies and figures are funding political initiatives. Kraken has committed $2 million, while Tyler Winklevoss and others have also made significant donations to crypto-focused PACs.

Related News

Experts Claim a Token at $0.035 Could Be the Best Crypto to Buy Ahead of 2026 Season for 1400% Upside
Pudgy Penguins Price Prediction 2025, 2026–2030: How High Can PENGU Go?
Could MAGAX Be 2025’s Most Explosive Meme-to-Earn Presale?