Posted 12/5/2023, 12:26:00 PM
Crypto Lobbying Spending Soars to $19M Amid Regulation Pushback
- U.S. crypto industry lobbying spending on track to hit record high this year, reaching $18.96 million by end of Q3
- Coinbase is the biggest spender at $2.16 million; Crypto.com, Binance, Blockchain Association also top spenders
- Spending up from $16.1 million in same period last year
- May be effort to repair damage from FTX collapse and lawsuits against crypto exchanges
- Comes amid SEC lawsuits, no spot bitcoin ETF approval