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Crypto Lobbying Skyrocketed Last Year and Quadrupled Since 2018

March 8, 2022, 6:22 PM

The business of influencing cryptocurrency policy in Washington exploded last year and has more than quadrupled in the past four years, according to a new study.

Since 2018, spending on crypto lobbying has quadrupled, according to a Public Citizen analysis of federal disclosures. The number of lobbyists working on crypto issues also climbed to 320 from 115 in the same period.

In total, the industry spent more than $9 million attempting to influence members of Congress in 2021, according to the report. Marquee spenders included Coinbase Global Inc, Ripple Labs Inc., and the Blockchain Association, which ...