A study indicates that money spent on CryptoLobbying jumped 116% in 12 months with $9.56 million used to seek to influence from politicians. Cryptocurrency Blockchain
Cryptocurrency and blockchain firms are concerned about the future legislation revolving around the cryptocurrency industry and money spent on lobbying cemented this fact. A recently published study indicates that money spent on crypto lobbying jumped 116% in 12 months with $9.56 million leveraged to seek to influence from politicians and public officials.
Cryptohead.io study written by James Page shows the California-based financial services company Robinhood Markets, Inc., was the largest spender in 2021 when it comes to crypto lobbying. The numbers spent in 2021 exceeded 2020 by 116%, according to cryptohead.io’s study. Moreover, the researchers also measured the expenditures paid for lobbying since 2017, and Ripple Labs has spent the most funds.
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