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.