Kraken's co-CEO Arjun Sethi has announced a $2 million donation to pro-Trump cryptocurrency political action committees (PACs). Sethi committed $1 million to the Digital Freedom Fund PAC and plans to increase his contribution to America First Digital to $1 million by 2025. He highlighted the challenges facing the crypto industry in the U.S., such as regulatory uncertainty and restrictions on privacy tools, emphasizing the importance of crypto for personal financial freedom. Previously, the Winklevoss twins have contributed over $21 million in Bitcoin to the PAC. Meanwhile, crypto super PACs like Fairshake are aiming to raise nearly $300 million by 2024 to support bipartisan digital asset policies.
Kraken Co-CEO Pledges $2 Million to Pro-Trump Crypto PACs
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