Over the past 6 years, cryptocurrency exchanges such as Coinbase have greatly increased spending on lobbying activities

It is precisely among the challenges facing the cryptocurrency industry that there is the issue of regulation and new laws being enacted, which could brighten up or at the same time ruin the business activities carried out by cryptocurrency exchanges. In this regard, Coinbase in 2022 spent $3.39 million to influence policies in their favor. Coinbase dramatically increases lobbying spending over the past 6 years Lobbying is often labeled as trivial corruption by those unfamiliar with the concepts of participatory democracy. This type of activity is protected by the US Constitution and occurs in secret manners in every country. One