Back Home

$20M+ Expended on U.S. Crypto Lobbying, on Track to Break 2022 Record 3m ago by coinedition.com

Prev article Next article

The crypto industry spent over $20 million on lobbying in the U.S. in 2023
A total of $56.32 million has been spent over the past four years
As of the first three quarters of 2023, $20.19 million has already been spent on crypto lobbying

Research has revealed that the crypto industry spent over $20 million on lobbying in the United States in 2023 for the first three quarters of the year, compared to $22 million in 2022. 

The well-known market tracking platform Coingecko has recently published a report examining the sheer weight of funds prominent firms in the crypto space have expended to influence favorable regulatory measures.

Per Coingecko’s findings, the crypto industry has exhausted $56.32 million over the last four years to influence decisions in the United States. In particular, it mentioned that 66 companies and 12 organizations actively participated in lobbying efforts. This forms a collection of 78 non-individual entities advocating for crypto-related issues since 2019.

Leading these efforts are exchanges Coinbase, Binance, Crypto.com, Kraken, payment firm Ripple, and the largest stablecoin issuer, Tether.

Which company leads crypto lobbying in …

The post $20M+ Expended on U.S. Crypto Lobbying, on Track to Break 2022 Record appeared first on Coin Edition.