The crypto industry spent $13 million on lobbying in the first half of the year, with the largest share of that money directed toward efforts to advance the Clarity Act. The bill did not move forward in the U.S. Senate, according to information cited by CoinDesk and carried by Odaily.
Coinbase led the related lobbying spending, while a number of crypto companies and industry associations also hired lobbyists. Beyond direct lobbying activity, the industry paid millions of dollars in service fees to at least 42 outside professional firms. The figures point to a broad and organized push around federal legislation, even though the Clarity Act failed to gain traction in the Senate during the period covered.
The crypto industry spent $13 million on lobbying in the first half of the year, and the largest portion of that total went to efforts tied to the Clarity Act.
The bill did not advance in the U.S. Senate. Coinbase led the related lobbying spending, while multiple crypto companies and industry associations also hired lobbyists.
The industry also paid millions of dollars in service fees to at least 42 outside professional firms, according to CoinDesk.
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