In the US, lobbying expenditures in the crypto industry increased by 120% in 2022.

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Former Member2/28/232:41 AM0 replies

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In the US, lobbying expenditures in the crypto industry increased by 120% in 2022.

Former Member2/28/232:41 AM0 replies

Former Member

Crypto industry lobbying expenses in the US rose by 120% in 2022.
Market participants spent $25.57 million on lobbying in the United States in 2022.
The data is based on OpenSecrets, a nonpartisan nonprofit that tracks lobbying expenses in the US.
Between 2017 and 2022, the industry's lobbying budgets rose by 922%.
Coinbase spent the most on lobbying, paying $3.3 million to 32 lobbyists in 2022.
The American subsidiary of Binance spent $960,000 on lobbying in 2022, but started spending in 2021.
Overall, crypto companies spent slightly over $50 million on lobbying in America in six years.
Pharmaceutical companies spent more than $350 million in 2022 on federal lobbying efforts, far more than crypto companies.

Tags: Crypto, America, lobbying

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