Study: Cryptocurrency Lobbying Spending Has Increased 14-fold Since 2017
Crypto industry lobbying spending has increased by 1,386% from 2017 to 2023, according to a study by Social Capital Markets.
Almost 60% of the total spending ($78.94 million out of $131.91 million) was spent in 2022 and 2023.
The top 5 companies that have invested the most in crypto industry lobbying since 2017 are as follows:
1) Apollo Global Management — $28.71 million;
2) Managed Funds Assn — $21.96 million;
3) CME Group — $10.19 million;
4) Coinbase — $8.45 million;
5) Block Inc (Square Inc) - $6.37 million.
