From Open Secret put together by Taylor Giorno and Inci Sayki. Here is an extract:
March 12-18 is Sunshine Week, an annual celebration aimed at promoting transparency. This story is part of a series highlighting OpenSecrets’ work to shine a light on key areas related to money in politics at the state and federal level.
The cryptocurrency industry vastly expanded its political influence web with federal lobbying spending exploding to a whopping $21.6 million in 2022, an OpenSecrets analysis of federal lobbying data found.
The crypto industry’s 2022 federal lobbying spending represents an increase of more than twice the roughly $8.3 million it spent in 2021 and over eight times the $2.5 million it spent in 2020. The number of crypto clients spending on lobbying also increased from 18 in 2020 to 56 in 2022.
Read full article here. Also, visit the main Democracy Chronicles section on American Democracy, our section on Money Politics, or our articles on Political Lobbying.
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