{"id":557542,"date":"2023-02-28T12:49:48","date_gmt":"2023-02-28T09:49:48","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/crypto-industry-lobbying-expenses-rose-by-120-in-2022-in-the-us\/"},"modified":"2023-02-28T12:49:48","modified_gmt":"2023-02-28T09:49:48","slug":"crypto-industry-lobbying-expenses-rose-by-120-in-2022-in-the-us","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/crypto-industry-lobbying-expenses-rose-by-120-in-2022-in-the-us\/","title":{"rendered":"# Crypto industry lobbying expenses rose by 120% in 2022 in the US"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_84 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a2533c474dc3\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a2533c474dc3\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/crypto-industry-lobbying-expenses-rose-by-120-in-2022-in-the-us\/#%E2%80%9D_Crypto_industry_lobbying_expenses_rose_by_120_in_2022_in_the_US_%E2%80%9C\" >&#8221; Crypto industry lobbying expenses rose by 120% in 2022 in the US &#8220;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9D_Crypto_industry_lobbying_expenses_rose_by_120_in_2022_in_the_US_%E2%80%9C\"><\/span>&#8221; Crypto industry lobbying expenses rose by 120% in 2022 in the US &#8220;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<p><img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjMtMDIvMjRmODI4ZDMtYzJiYS00Yjk2LTliYzgtZjBkZGM1M2NkMjgyLmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-48054ca8>Crypto industry has been raising its lobbying efforts amid the crypto winter that began last year. In 2022, the market participants spent $25.57 million on lobbying in the United States.\u00a0<\/p>\n<p>This number <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>ears in a study, <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/themoneymongers.com\/exchanges\/crypto-lobbying\/\">published<\/a> by the Money Mongers on Feb. 23. The count is based on data from OpenSecrets, a nonpartisan nonprofit,<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.opensecrets.org\/about\"> tracking<\/a> the lobbying expenses (which should be publicly accessible by law) in the U.S. <\/p>\n<p>According to this data, the <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/general\/\" data-internallinksmanager029f6b8e52c=\"3\" title=\"General\" target=\"_blank\" rel=\"noopener\">general<\/a> rise of the industry\u2019s lobbying budgets made up 922% in five years between 2017 and 2022. In 2017, when the price of Bitcoin rocketed for the first time, the young industry spent only $2.5 million on lobbying efforts, while in last year this number stood at $25.57 million. During the last year alone, the stakeholders raised their expenses by 121.41% from $11.54 million in 2021. <\/p>\n<p>The leader of the spenders list is the U.S.-based crypto exchange Coinbase, which paid $3.3 million to 32 lobbyists in 2022. The second places are held by Blockchain Association with $1.9M spent and 18 lobbyists hired, and Robinhood with the numbers of $1.84 million and 20 people respectively. <\/p>\n<p>The American subsidiary of the world\u2019s largest crypto exchange, Binance.US, occupied only the ninth spot of the list with $960,000 spent in 2022. However, Coinbase\u2019s level of early expenditure remained steady \u2014 it\u2019s been handling out around $1-1.5 million each year, whereas Binance.US started spending only in 2021 and raised its efforts from $160,000 to almost $1 million in twelve months. <\/p>\n<p><strong><em><u>Related:\u00a0Americans \u2018frustrated\u2019 by financial system inequality, 20% own crypto<\/u><\/em><\/strong><\/p>\n<p>The overall expenditure of crypto companies on lobbying in America stands slightly over $50 million in six years, which is more than modest, if we compare this number with some other industries. For example, pharmaceutical companies spent <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.opensecrets.org\/news\/2023\/01\/federal-lobbying-spending-reaches-4-1-billion-in-2022-the-highest-since-2010\/#:~:text=No%20overall%20industry%20spent%20more,lobbying%20spender%20in%20the%20industry.\">more<\/a> than $350 million alone in 2022 on the federal lobbying efforts. <\/p>\n<p><template data-name=\"subscription_form\" data-type=\"law_decoded\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/crypto-industry-lobbying-expenses-rose-by-120-in-2022-in-the-us\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8221; Crypto industry lobbying expenses rose by 120% in 2022 in the US &#8220; Crypto industry has been raising its lobbying efforts amid the crypto winter that began last year. In 2022, the market participants spent $25.57 million on lobbying in the United States.\u00a0 This number appears in a study, published by the Money Mongers&#8230;<\/p>\n","protected":false},"author":1,"featured_media":557543,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/s3.cointelegraph.com\/uploads\/2023-02\/24f828d3-c2ba-4b96-9bc8-f0ddc53cd282.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[75014,74956,117,70934,2199],"class_list":["post-557542","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-binance","tag-coinbase","tag-business","tag-regulation","tag-washington"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/557542","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=557542"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/557542\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/557543"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=557542"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=557542"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=557542"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}