With more than a month left before the end of 2023, the United States crypto industry has already spent $20 million on lobbying efforts. In the last year, the total sum stood at $22.2 million. 

According to the CoinGecko report, published on Nov. 14, the U.S. crypto lobby has spent $20.19 million in 2023 to date, and this data doesn’t include the Q4 numbers. That means the total amount of lobby spending this year would probably exceed last year’s numbers, which were an absolute record for the American crypto industry.

Between 2019 and 2020, the total lobbying budget of the U.S. crypto companies fluctuated between $2.5 million and $3 million, which accounted for less than 3% of the…

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