Crypto firms will spend $ 5 million to lobby the U.S. Senate in the quarter of 2021.

According to a report by The Economist, the cryptocurrency industry spent $ 5 million lobbying the United States Senate in the first nine months of 2021, spending only half of the third quarter, quadrupling from the same. period last year. Coinbase is a major sponsor of this business, spending $ 625,000 in the quarter. Jack Dorsey's Block (formerly Square) has spent more than $ 1.7 million lobbying since April of last year. (decryption)