Crypto lobbying is rising fast

Crypto lobbying tripled in 2021, but the sector is still spending just 1/12 as much as Wall Street.

Last week, President Biden signed an executive order on crypto. The move comes amid a rising trend in Washington: crypto lobbyists.

Crypto lobbying is rising fast
  • In 2020, there were 195 lobbyists supporting crypto. In 2021, there were 320.
  • Last year, crypto lobbying spend jumped 3x, from $2.8m to $9m.
  • Efforts were fueled by big names like Coinbase, Ripple, and the Blockchain Association, with each dropping $2m+.

While the rise is impressive, it’s still a fraction of the spending of the Securities and Investment sector (AKA Wall Street), which spent ~$108m last year.

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