$13 Million Spent by Crypto Industry on US Lobbying Efforts in First Half

The cryptocurrency industry has been actively engaging in lobbying activities in the US, spending over $13 million in the first half of this year.

This significant expenditure is largely focused on promoting the passage of the CLARITY Act, with a substantial amount of $8 million dedicated to these efforts.

The companies involved in lobbying for the CLARITY Act include Coinbase, Kraken, Digital Currency Group, Jump Crypto, and Paradigm. These entities have collectively spent millions on related lobbying activities tied to tax legislation and digital-asset mining.