Posted 11/17/2023, 9:21:58 AM
Crypto Lobbying Spending Skyrockets, Now Nearly 20% of Wall Street's Budget
- U.S. crypto lobby spending likely to exceed 2022's record $22.2 million
- 2019-2020 lobbying budget was $2.5-$3 million, under 3% of Wall Street
- 2021 budget jumped to $8.5 million; 2022 reached $22 million
- Crypto lobbying now 19.7% of Wall Street lobbying
- Similar number of companies lobbying as 2022 (56 vs 57)
- Coinbase top spender 2019-2023 at $7.5 million
- Blockchain Association second at $5.23 million
- Ripple third at $3.46 million