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Cryptocurrency Giants Increase Lobbying Efforts, with 3,475% Spending Spike by Coinbase Since 2017

Cryptocurrency Giants Increase Lobbying Efforts, with 3,475% Spending Spike by Coinbase Since 2017

The world of cryptocurrency is making its presence known in the world of politics, as lobbying spending by major players has seen a staggering 1,386% increase in the United States since 2017. Leading the pack is Coinbase, one of the largest cryptocurrency exchanges, with a jaw-dropping 3,475% jump in lobbying expenditures over the past two years. This surge in spending signals a growing effort by the crypto industry to influence legislation and regulations in their favor.