Kraken
January 24, 2025
Kraken Unicorn News - January 24, 2025
Cryptocurrency exchange Kraken has hired Ballard Partners, a lobbying firm with ties to the Trump administration, to influence crypto policy. This strategic move is part of Kraken's efforts to engage in global policy discussions amid the industry's push for significant policy changes.
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) Introduction(
) Kraken and Blockchain.com Sign with Trump-Tied LobbyistsCryptocurrency exchanges Kraken and Blockchain.com have recently enlisted Ballard Partners, a lobbying firm with close ties to President Donald Trump, to advocate for favorable crypto policies. Founded by Trump fundraiser Brian Ballard, the firm has faced scrutiny due to potential ethical conflicts, especially after former partners Susie Wiles and Pam Bondi assumed key roles in the Trump administration. In December, Kraken and Blockchain.com collectively paid $60,000 to Ballard Partners for lobbying services. This move aligns with a broader industry effort to influence regulatory frameworks under the current administration, which is perceived as more crypto-friendly. Notably, Ripple Labs also engaged Ballard Partners shortly after the recent elections.
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