ICYMI: Crypto stakeholders dropped more than $4 million on DC lobbying in Q1. Here are the biggest spenders
Federal lobbying from the crypto industry continues to grow, the most recent disclosures show.
The Block collected and analyzed data from Senate lobbying disclosures for crypto firms and associations. The above figures take into account entities focused on crypto, as well as firms in adjacent areas with disclosures that highlight crypto or digital assets as central focus issues.Among those included in The Block’s survey, the largest single lobbying operation was Coinbase, the largest US-based crypto exchange.— Coinbase reported $760,000 in lobbying spending last quarter.
At a panel before the American Enterprise Institute on May 2, Calvert noted that “I really started my journey with Coinbase back in 2015, 2016 and was one of the first and really only people up here talking about the need for regulation and how crypto as a whole was going to change the policy landscape.”. The Blockchain Association spent $460,000 on its lobbying in Q1.
The firm has held contracts with outside lobbyists since 2017 but only started reporting in-house activity in the middle of 2020. In December 2021, Block hired Tom Manatos from Spotify’s government relations team.Though Block is not strictly an industry company, its pivot to bitcoin under CEO Jack Dorsey has been notable and public — including in its
It is important to note that the Lobbying Disclosure Act mandates reporting only for a limited set of activities. The government work of the teams above is, consequently, more extensive and expensive than the reports suggest. Firms like the Celo Foundation and Ledger, which have also started staffing DC-based government affairs teams in recent months, didn’t report any lobbying activity at all.
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
CoinShares' Q1 Financial Results Took a Hit Amid Crypto Market DownturnCoinShares noted a pullback in its 2021 quarterly financials amidst tepid market conditions in the cryptocurrency space.
Read more »
Crypto Stories: Ethan Lou shares experience of crypto conference in North KoreaCrypto is worldwide, even in North Korea. Canadian journalist Ethan_Lou recounts his experience attending a cryptocurrency conference in the country.
Read more »
Ohio's Senate Candidates Stake Out Crypto PositionsWhile crypto policy is unlikely to affect the outcome of Tuesday's Senate primary election in Ohio, the technology’s mindshare among the candidates augurs well for the industry’s clout in Washington.
Read more »
The Crypto Industry Wants to Go Green — But That's Easier Said Than DoneThe whole process behind cryptocurrency mining is underpinned by something known as “proof of work.” And it uses up an incredibly large amount of energy.
Read more »
Crypto vs Stocks - A Comparison | CoinMarketCapNew to financial markets? Not sure what's the most profitable investment option? Here is a detailed and neutral analysis of crypto vs stocks. Find out which asset you chose go for!
Read more »
Cryptoverse: Venture capitalists catch crypto feverVenture capital is making a big move on crypto in 2022.
Read more »