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Policy Regula
2026-10-08 05:15:36

Andrew Cuomo Says Crypto Lobby Needs a More Balanced Approach to Democrats and Republicans

Former New York Governor Andrew Cuomo said the crypto industry needs to stop leaning too heavily toward one political party if it wants federal crypto legislation to pass. Speaking during a panel discussion with OKX CEO Star Xu at Token2049, Cuomo argued that backing Republicans too aggressively risks alienating Democrats, even if the industry believed that major spending on the Republican side could help move the CLARITY Act forward. Cuomo said support from both parties is necessary to get legislation through Congress. He also pushed back on the idea that Democrats are inherently opposed to crypto, arguing that the technology fits Democratic priorities because it can expand access for people who have historically been excluded from financial products. Data tracked by Tech Influence Watch shows crypto-related political action committees have spent $54.3 million backing Republicans in the 2026 election cycle, compared with $26.2 million for Democrats, while another $23.2 million has gone toward opposing Democratic candidates. The discussion also comes against a backdrop of cross-party votes on recent legislation: the House passed the CLARITY Act in July 2025 with support from 78 Democrats and 216 Republicans, while 134 Democrats voted against it. In June 2025, 18 Democratic senators supported the GENIUS Act in the Senate.

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Andrew Cuomo Says Crypto Lobby Needs a More Balanced Approach to Democrats and Republicans
Policy and Re
2026-10-01 05:31:47

Crypto industry spent more than $13 million on lobbying in H1, but Clarity still failed in the Senate

The crypto industry spent more than $13 million on lobbying in the first half of 2026, with roughly $8 million tied to efforts to advance the Digital Asset Market Clarity Act, according to CoinDesk’s review of federal lobbying disclosures. Even with that push, the U.S. Senate did not pass the market structure bill. Coinbase was the biggest single spender on Clarity-related advocacy at about $2.2 million, while Kraken spent close to $1 million. Digital Currency Group, Jump Crypto and Paradigm were also identified as major participants. The report says about $2.4 million went to outside lobbying firms, another $2.1 million supported trade-group lobbyists, and the rest funded in-house policy teams at crypto companies. Separate spending that was not explicitly tied to Clarity still pushed total lobbying outlays higher, with Coinbase, Andreessen Horowitz, Binance and Crypto.com each topping $1 million on crypto-related issues. Industry groups said their efforts included hundreds of meetings with congressional staff and federal officials. Even though the bill stalled, lobbyists are still working with the Securities and Exchange Commission and the Commodity Futures Trading Commission as U.S. crypto rulemaking continues.

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Crypto industry spent more than $13 million on lobbying in H1, but Clarity still failed in the Senate
Policy and Re
2026-09-30 17:16:31

Crypto industry spent about $8 million lobbying for the Clarity Act, but the Senate push fell short

The crypto sector spent more than $13 million on U.S. lobbying in the first half of 2026, according to a CoinDesk review of federal disclosures, and about $8 million of that was tied to efforts to advance the Digital Asset Market Clarity Act in Congress. The bill did not move forward in the Senate, leaving the industry’s main legislative push unfinished despite a large deployment of in-house lobbyists, trade-group advocates and outside firms. Coinbase was the biggest single spender tied to the legislative effort, with roughly $2.2 million in lobbying that included support for the bill, while Kraken spent nearly $1 million. Other major names linked to the push included Digital Currency Group, Jump Crypto and Paradigm. CoinDesk also found that crypto companies and trade associations spread payments across at least 42 outside lobbying firms, while large sums also went to internal policy teams and association staff. The filings show that not all lobbying dollars were described the same way. Some spending was directly connected to market structure legislation, while other disclosures used broader labels such as cryptocurrency issues or financial services. Even so, the reporting suggests the failed Clarity push absorbed the largest share of industry lobbying activity in the period. The effort has now shifted in part toward engagement with the Securities and Exchange Commission and the Commodity Futures Trading Commission.

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Crypto industry spent about $8 million lobbying for the Clarity Act, but the Senate push fell short
Binance
2026-08-25 00:02:10

MarsBit commentary questions Binance’s standing in Washington as U.S. compliance becomes crypto’s key battleground

MarsBit published a lengthy opinion article arguing that Binance’s biggest threat is no longer a direct product challenge from Hyperliquid alone, but the passing of time in a market where liquidity, policy access and political alignment are increasingly linked. The piece says Binance’s absence from the U.S. Commodity Futures Trading Commission’s IAC meeting was a visible sign that the exchange is losing ground in Washington even as Hyperliquid builds policy infrastructure through the Hyperliquid Policy Center, or HPC. The article ties together several threads: Donald Trump’s inner circle, Witkoff’s reported involvement with WLFI, USD1’s relationship with Aster, Justin Sun’s defense of USDD, and Binance’s reported delays around restrictions connected to HTX. It argues that in the current cycle, crypto is being reshaped less by the old BTC-altcoin rotation and more by access to U.S. compliance channels, stablecoin liquidity and institutional influence. According to the author, Binance still has scale and trading depth, but that strength has become a source of pressure rather than insulation. The commentary says the exchange now faces a three-sided problem: preserving liquidity, securing regulatory access to the U.S. market, and avoiding being forced into explicit geopolitical alignment. Its final conclusion is blunt: Binance will not lose to Hyperliquid, but to time.

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MarsBit commentary questions Binance’s standing in Washington as U.S. compliance becomes crypto’s key battleground