Crypto lobby spending in the US has surged 1,386% since 2017, with a handful of key companies driving advocacy efforts to influence legislators. Coinbase, for instance, has increased its lobbying expenditure by 3,475% over the past seven years, from $80,000 in 2017 to $2.86 million in 2023.

Other crypto firms pouring large sums of money into influencing legislators include Ripple Labs, which saw a 1,780% increase in lobbying costs, from $50,000 to $940,000 in 2023. Binance.US also emerged as a major player, increasing its lobbying expenses by 656% from $160,000 in 2017 to $1.2 million in 2023.

Stablecoin issuer Tether spent $1.2 million lobbying in 2023, while decentralized exchange Uniswap and fintech giant Block Inc. poured in $280,000 and $1.7 million, respectively. These companies have all faced legal battles and regulatory scrutiny over the past few years, underscoring the industry's push to shape the legislative landscape.

Source: https://cointelegraph.com/news/coinbase-leads-crypto-lobby-surge-with-since-2017

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