ChainCatcher news, according to the report "Social Capital Market", Coinbase has increased its lobbying expenditure by 3,475% over the past seven years. The cryptocurrency exchange's spending rose from $80,000 in 2017 to $2.86 million in 2023.Ripple Labs also increased its lobbying expenditure from $50,000 to $940,000 during the same period, a growth of 1,780%. Binance.US's lobbying expenditure grew by 656%, reaching $1.2 million in 2023. Tether, Uniswap, and Block Inc. also spent $1.2 million, $280,000, and $1.7 million on lobbying in 2023, respectively.The total lobbying expenditure of the entire cryptocurrency industry has increased by 1,386% since 2017.

ChainCatcher News, the American cryptocurrency lobbying group Blockchain Association has submitted an amicus brief to the U.S. Court of Appeals for the Tenth Circuit in support of Custodia Bank's lawsuit against the Federal Reserve.The Chief Legal Officer of the Blockchain Association stated, "The Federal Reserve claims that digital assets pose safety and soundness issues, which protects large existing banks and makes it harder for industry participants to find banking partners. This puts customers in a bind. And Custodia has become a victim of this scheme.Most importantly, the Federal Reserve's master account provides a safety net for banks and their customers. Lack of access to this system harms the interests of millions of law-abiding Americans participating in the digital asset economy.We hope the Tenth Circuit will make the right decision."

ChainCatcher news, according to Reuters, as of the end of the third quarter, crypto companies spent nearly $19 million on lobbying, compared to $16 million in the same period last year. Cryptocurrency exchange Coinbase spent $2.16 million, followed by Foris DAX, the Blockchain Association, and Binance Holdings.Blockchain Association CEO Kristin Smith stated, "Our goal is to engage directly with policymakers, build relationships, and bridge the education gap to establish a common-sense regulatory framework."

ChainCatcher news, CoinGecko released the 2023 cryptocurrency industry lobbying spending rankings, with cryptocurrency exchange Coinbase topping the list with $2.16 million in spending. The details of the list are as follows: 1. Coinbase ($2.16 million); 2. Crypto.com ($1.53 million); 3. Blockchain Association ($1.47 million); 4. Binance ($1.19 million); 5. Kraken ($0.888 million); 6. a16z ($0.79 million); 7. Tether ($0.76 million); 8. Ripple ($0.71 million); 9. Crypto Council for Innovation ($0.71 million); 10. DeFi Education Fund ($0.60 million).