- Crypto lobbying spending reached $25 million in 2022, with Coinbase (NASDAQ:) main the best way.
- Coinbase employed 32 lobbyists, 26 of whom had been former politicians and workers.
- Crypto firms use lobbying to get politicians to cross crypto-friendly laws.
Crypto companies have a repute for engaged on the fringes or outdoors of laws. Nevertheless, many crypto firms do the precise reverse. Main exchanges are spending hundreds of thousands making an attempt to affect politicians to cross crypto-friendly legal guidelines.
A current research uncovered a startling reality: crypto lobbying spending within the US has skyrocketed 922% up to now six years. The amount of cash spent by crypto firms to affect politicians reached $25.57 million in 2022.
Cash Mongers report reveals that Coinbase, Blockchain Affiliation and Robinhood (NASDAQ:) prime the listing of firms lobbying…
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