Crypto Lobbying Rose 922% within the Final 6 Years – Coinbase Leads

• Crypto lobbying spending reached $25 million in 2022, with Coinbase (NASDAQ:) within the lead.
• Coinbase employed 32 lobbyists, 26 of whom had been former politicians and staffers.
• Crypto companies use lobbying to affect politicians to enact crypto-friendly laws.

Crypto companies have a status for engaged on the sting of, or outdoors, rules. Nevertheless, quite a few crypto firms are doing precisely the other. Main exchanges are spending tens of millions to attempt to affect politicians to go crypto-friendly legal guidelines.

A latest research has unveiled a startling reality: crypto lobbying expenditure in the US has skyrocketed by 922% within the final six years. The sum of money crypto firms spent on influencing politicians reached $25.57 million in 2022.

The report by Cash Mongers reveals that Coinbase, Blockchain Affiliation, and Robinhood (NASDAQ:) topped the record of firms lobbying…

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