Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
Home»TRADING NEWS»U.S. cryptocurrency industry lobbying activity reaches record high by 2023
TRADING NEWS

U.S. cryptocurrency industry lobbying activity reaches record high by 2023

By Crypto FlexsDecember 5, 20232 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
U.S. cryptocurrency industry lobbying activity reaches record high by 2023
Share
Facebook Twitter LinkedIn Pinterest Email

OpenSecrets researchers have found that the cryptocurrency industry is on track to set a new record for federal lobbying spending.

The record spending comes after a year in which companies have struggled to restore their reputations and push for favorable legislation, according to Reuters.

Cryptocurrency companies spent a total of $18.96 million during the third quarter of 2023. However, in the same period in 2022, it spent $16.1 million. Companies, including failed cryptocurrency exchange FTX, spent nearly $22 million on lobbying in 2022.

Coinbase (COIN.O), the largest cryptocurrency exchange in the United States, ranked first again by spending $2.16 million, and operates Crypto.com, Blockchain Association, and Binance Holdings. Foris DAX followed suit.

Experts point out that cryptocurrency companies are partly trying to improve their reputations after a series of scandals, including the downfall of FTX last year. Cryptocurrency companies are grappling with increasing regulatory scrutiny, especially from the U.S. Securities and Exchange Commission (SEC), which says the industry is violating regulations.

According to OpenSecrets, Binance and Binance.US have spent over $1 million lobbying politicians. In total, Binance Holdings invested $850,000 in 2023 and Binance.US spent $340,000, both significant increases from the previous year.

According to the report, this lobbying effort in 2022 focused on two specific bills: the Digital Consumer Protection Act and the Loomis-Gillibrand Responsible Finance Innovation Act.

Follow us on Google News

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Metabuses are increasing again -Records in August +13k NFT users

September 15, 2025

Web3 EXEC warns that the US dollar Stablecoin end game is not priced.

September 14, 2025

Top 5 Crypto PR Agencies to Scale Your Blockchain Project in Europe

September 13, 2025
Add A Comment

Comments are closed.

Recent Posts

How SWLMiner Could Help You Get The IPhone 17 Air

September 15, 2025

Metabuses are increasing again -Records in August +13k NFT users

September 15, 2025

Rabby Wallet integrates XRPL EVM chain with peersyst

September 15, 2025

Stop Dreaming About The Lottery. Join H Mining And Start Earning!

September 14, 2025

Web3 EXEC warns that the US dollar Stablecoin end game is not priced.

September 14, 2025

Binance’s new Defi Initiative sparked Rollish Momentum, and BNB hit a new ATH of more than $ 900.

September 13, 2025

Top 5 Crypto PR Agencies to Scale Your Blockchain Project in Europe

September 13, 2025

The price of Etherrium surges beyond $ 4,500. -Main level for monitoring more profits

September 12, 2025

BNBCapital Emerges As Top Immutable DeFi Protocol With 239% Returns And Zero Admin Functions

September 12, 2025

MEXC Enhances Futures Trading With Multi-Asset Margin Mode Across 14 Tokens

September 12, 2025

Ethereum Based Meme Coin Pepeto Presale Past $6.6 Million As Exchange Demo Launches

September 12, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

How SWLMiner Could Help You Get The IPhone 17 Air

September 15, 2025

Metabuses are increasing again -Records in August +13k NFT users

September 15, 2025

Rabby Wallet integrates XRPL EVM chain with peersyst

September 15, 2025
Most Popular

Is Ethereum’s next big move coming? Experts point to a 75% price surge ahead

November 1, 2024

Ondo rises by 15% -Does over -winning advertisements surge?

January 27, 2025

Discover our ultimate guide to Xcash: The Latest Cryptocurrency Phenomenon – The Defi Info

February 5, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.