Despite a season of layoffs and budget cuts, the crypto industry’s D.C. spending is stubbornly clinging close to all-time highs. The crypto lobby, in other words, is not going anywhere.
An analysis of disclosure data shows a collective industry spend just shy of $7 million in the last quarter. Though a slight retraction from a peak of just over $7.4 million in the second quarter of 2022, and a small decline from the third quarter, the findings reflect a remarkably consistent level of spending even amid one of the worst crypto bear markets in years.
