Golden Finance reported that according to the Social Capital Markets report, Coinbase's lobbying spending has surged 34 times since 2017, from $80,000 to $2.86 million in 2023. Ripple Labs also increased its lobbying spending from $50,000 to $940,000 during the same period, an increase of 1,780%. Binance.US's lobbying spending increased by 656%, reaching $1.2 million in 2023. Tether, Uniswap and Block Inc. also invested $1.2 million, $280,000 and $1.7 million in lobbying in 2023, respectively. The entire crypto industry's lobbying spending has increased by 1,386% since 2017.