AFR Slashes Lobbying Spending Amid Crypto Battles in Washington

Americans for Financial Reform has revised its lobbying spending to $120,000 after filing a first-quarter amendment on July 27. The organization's previous three quarters saw lobbying expenses of $150,000 each, but it reported $100,000 for the second quarter.

The group, which advocates for financial regulation across multiple policy areas, has been vocal about cryptocurrency legislation. It criticized the Digital Asset Market Clarity Act, calling it a 'billionaire-backed crypto bill' that undermines regulators' enforcement powers and creates vague definitions for crypto products.

Americans for Financial Reform maintains an in-house lobbying program with two registered lobbyists: Rukmani Bhatia and Mark Hays. Both have remained on the team throughout the recent disclosure period, tracking legislation involving housing policy, predatory lending, shadow banking, and financial disclosure requirements.