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$13M Lobbying Effort Can't Save Crypto from Indigestion Over Trump's Memecoin

Guavy AI Editorial Team
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MEME MEW TRUMP TRU
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The crypto sector spent $13 million on D.C. lobbyists in the first half of 2026, including $8 million on the failed CLARITY Act.

The bill aimed to establish a clearer regulatory framework for digital assets and define the roles of the SEC and CFTC.

Coinbase led lobbying spending at $2.2 million, followed by Andreessen Horowitz at $1.5 million.

The $TRUMP memecoin's latest 'dinner' for large holders is sparking criticism from supporters, as the token trades about 97% below its peak.

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