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Kraken Donates $100k to Coin Center

Kraken is excited to announce a $100k donation to Coin Center, one of the leading non-profit advocacy groups focused on the public policy issues facing digital asset technologies.

This latest donation is part of Kraken’s ongoing commitment to the excellent work Coin Center does to promote research, educate regulators and advance the rights of digital asset users with sensible policy approaches.

The donation follows an announcement by crypto asset management firm Grayscale that it would endow $1 million to Coin Center and match donations up to another $1 million. In 2018, Kraken laid the groundwork with a similar donation campaign that helped Coin Center raise over $3 million dollars.

Pete Rizzo, Kraken’s Editor-at-Large, said:

“Kraken is proud to again be at the forefront of funding important advocacy work that will help educate U.S. lawmakers and regulators on the transformative potential of cryptocurrency. At a time when misinformation about this new technology remains high, we call on all industry leaders to join us in funding this essential work.”

Coin Center has been a vanguard for challenging policies such as the proposed STABLE act as well as recent rushed Financial Crimes Enforcement Network rulemaking that would have limited the unbanked’s access to digital asset services.

Kraken considers it a core duty to protect the well-being of the digital asset industry and the rights of every individual to use cryptocurrencies. Last year, Kraken donated over $500k through grants and other charitable initiatives to empower blockchain developers, digital asset projects and organizations dedicated to the health of the industry.

Anyone who wishes to contribute to defending the digital asset industry is free to donate to the #JoinTheMatch campaign at: coincenter.org/donate. Corporate donations can be made by contacting [email protected]