Today news
About the same in other media
Crypto firms have embarked on a lobbying blitz this year and have reportedly spent $5 million in the first 3 quarters as regulation looms
Reading now: 837
Jack Taylor/Getty Images
Cryptocurrency firms ramped up spending during 2021 to lobby US lawmakers as the industry faces potential legislation, with the tab ballooning to about $5 million over a few months, according to The Economist.
The spending took place during the first nine months of this year and the amount was calculated using public disclosures, the magazine reported in its December 11 edition. Roughly $2.5 million of the funds were spent between July and September, a quadrupling over the same period in 2020.
The amount of money spent employs the equivalent of 86 full-time staff, a surge from just one in 2016, the report said. It also said crypto exchange Coinbase spent $625,000 on lobbyists in the third quarter alone and payments
Read more on markets.businessinsider.comAbout this in other media
US Regulator Tells Credit Unions They Can Team Up with Crypto Firms cryptonews.com /2 years ago
FTX US and DC Sports Leader MSE Establishes Multi-year Crypto Exchange, NFT Deals blockchain.news /2 years ago
Nifty News: Melania Trump drops NFT, Arabian Camels produces NFT film and Whitney Houston keeps selling hits cointelegraph.com /2 years ago
Show more
The website gocryptonft.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
