Crypto lobbying is rising fast

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

• 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.