Arjun Sethi, Kraken Co-CEO, Puts Congress to the Test on Crypto Policy

San Francisco – Arjun Sethi, co-CEO of leading cryptocurrency exchange Kraken and Chairman of venture capital firm Tribe Capital, issued a public challenge to lawmakers on July 15, 2025, via social media. Sethi stated, > "Let’s see who is pro innovation and crypto and who wants the establishment and no progress in congress." His tweet underscores a growing sentiment within the digital asset industry regarding the need for clear and supportive regulatory frameworks.

Sethi's statement reflects his long-standing advocacy for the cryptocurrency sector. As co-CEO of Kraken since October 2024, he has been instrumental in navigating the exchange through a dynamic regulatory landscape. His background as a serial entrepreneur and co-founder of Tribe Capital, a firm managing $1.7 billion in assets with investments in companies like OpenAI and xAI, positions him as a significant voice in both technology and finance.

His call for "pro innovation and crypto" policies aligns with his belief that the United States should lead in digital asset development. In previous discussions, Sethi has highlighted the rapid pace of regulatory evolution in other countries and the need for the U.S. to catch up. He emphasizes the transparent and self-correcting nature of the crypto ecosystem, contrasting it with traditional financial systems.

The tweet's reference to "the establishment and no progress in congress" points to ongoing legislative debates surrounding digital assets. Industry leaders like Sethi have frequently expressed concerns over perceived delays or restrictive approaches from lawmakers. This sentiment is further contextualized by reports of his engagement with political figures and Kraken's contributions to political campaigns, aimed at fostering a more favorable environment for crypto.

Sethi's dual roles at Kraken and Tribe Capital provide him with a unique perspective on both the operational challenges and investment opportunities within the crypto space. His firm, Tribe Capital, utilizes data science to identify and amplify venture and crypto opportunities, reinforcing his belief in a data-driven approach to market development. His public pronouncements often bridge the gap between technological advancement and policy necessity.

The statement from a prominent figure like Sethi highlights the increasing pressure on Congress to address the future of digital assets decisively. The crypto industry continues to seek regulatory clarity that fosters innovation while addressing concerns about market stability and consumer protection. His direct appeal aims to prompt a more definitive stance from policymakers on these critical issues.