Yes that makes sense. They are just doing it to own the libs? Sorry but that's ridiculous, it sounds like you need to tune off the culture war a bit.

And who is that specific customer base Kraken is trying to attract by shutting down it's headquarters? The right-wing crypto investors that needed a reason to switch away from Coinbase?

As far st PR moves go, this one seems dubious.

Yep it has the feel of one of those items (ab)used by Rubin, Shapiro and friends as evidence that the dang leftist, communist Demoncrats in charge of California are turning it into a living hell for good god-fearing citizens. Culture war nonsense basically.