Stablecoin issuers have spent over $1.3M lobbying Congress since 2022
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Stablecoin issuers including Tether, Circle, and others have spent well over a million dollars lobbying lawmakers on Capitol Hill since the start of 2022, according to recent data.
Stablecoins have become the
Crypto industry lobbying expenses surged 120% in the United States in 2022, as reported by Cointelegraph earlier this year.
The amount pledged by stablecoin issuers is however dwarfed by that spent by othmajor crypto companies. Coinbase has spent around $5.5 million since it began lobbying in 2015 and Binance.US spent almost $1 million in 2022.
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