Cryptocurrencies
Crypto Lobbying Skyrocketed Last Year — Even Facebook and IBM Got Involved
- Coinbase, Ripple, Blockchain Association are biggest spenders
- Meta, IBM, Chamber of Commerce also lobbied on crypto policy
The U.S. Capitol in Washington, D.C.
Photographer: Al Drago/BloombergThis article is for subscribers only.
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.