Lobbying spending by crypto industry associations increased significantly in the quarter.

Golden Financial reported that the Crypto Business Association reported unprecedented gains in its quarterly profits, according to public data submitted to the United States Congress the second three days ago. Historically, the Blockchain Association and the Digital Chamber of Commerce have been the largest companies in government-to-government contact, and this trend has accelerated since the start of 2021. The Blockchain Association's headquarters have grown by over 60% from $ 130,000 in the first quarter to $ 210,000 in the third quarter. At the same time, digital lobbying increased by over 450%, from $ 30,000 to $ 136,000. The total acquisition of Blockchain in the third quarter reached $ 320,000, including acquisitions with Steptoe & Johnson, Goldstein Policy Solutions and Lincoln Policy Group. The total quarterly reception fee (including external contracts) for the Digital Chamber of Commerce during the quarter was $ 191,000.