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A new study carried out by experts at crypto Head that revealed that spending on crypto lobbying has increased by 116% in the last year, bringing the total lobbying expenditure to $9.56 million ! I was wondering if covering this study was of interest to you?
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The research, from Crypto Head , analysed Open Secrets data to reveal how much crypto companies have spent on lobbying in the US and which ones spent the most money .
The total spent on crypto lobbying has seen a considerable increase in the last few years, with the largest percent increase in 2018 - lobbying expenditure rose by 360% , from $200,000 to $920,000!
The largest real increase was registered from 2020 to 2021 , with expenditure rising by $2.65 million! If the yearly figure continues to increase, by the end of 2022 it could reach $15 million OR MORE .
Crypto Lobbying Expenditure Per Year:
| Year | Crypto Lobbying Expenditure | Annual % Increase |
| 2017 | $200,000 | .. |
| 2018 | $920,000 | 360% |
| 2019 | $1,240,000 | 35% |
| 2020 | $2,275,000 | 83% |
| 2021 | $4,925,000 | 116% |
| 5 Year Total | $9,560,000 | .. |
The study looked at the crypto companies that spent the most money in lobbying in the past five years.
Ripple Labs is in the lead, with a total expenditure of £1.95 million , which possibly makes it the most influential crypto company in the US when it comes to affecting government policy and regulation. The second biggest spender is Robinhood , registering a total lobbying expenditure of $1.625 million . Coming in third is Blockchain Association , having spent a total of $1.465 million in lobbying since 2017!
The Biggest-Spending Crypto Companies (Crypto Lobbying Expenditure Since 2017):
| Rank | Company | 5 Year Total Lobbying Expenditure |
| 1 | Ripple Labs | $1,950,000 |
| 2 | Robinhood | $1,625,000 |
| 3 | Blockchain Association | $1,610,000 |
| 4 | Coinbase | $1,465,000 |
| 5 | Block.One | $940,000 |
Further Findings:
- The company with the highest number of crypto lobbyists is Coinbase , with a total of 23 separate lobbyists acting on their behalf. 19 among these lobbyists are 'revolvers', well-connected and knowledgeable with regards to the inner workings of government decision making.
- Last year alone , Robinhood spent a total of $1.35 million in lobbying.
- Chia network is the lowest-spending crypto company when it comes to lobbying - it only spent a total of $10,000 in 2021 .
Updated on Feb 16, 2022, 5:39 pm
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