Crypto Industry's $13 Million Lobbying Efforts Fall Short on Clarity Act

The crypto industry has spent over $13 million on lobbying in the first half of 2026, with roughly $8 million dedicated to advancing the Clarity Act.

This bill aimed to establish an oversight framework for crypto in the U.S., but it failed to pass the Senate despite significant efforts from lobbyists hired by industry participants.

Coinbase spent approximately $2.2 million on lobbying, making it the single largest payer in crypto lobbying expenses this year.

Industry critics have pointed out the lack of cohesion within the sector regarding major policy decisions, with former SEC official Corey Frayer noting 'very intense infighting' and a 'lack of cohesion across the industry.'