Summary: Cryptocurrency exchange Coinbase has significantly strengthened its lobbying work in Washington, D.C. in recent months, the lobbying disclosure report released by the Senate shows. The exchange re-registered its internal lobbying program in September and spent $625,000 in the third quarter of 2021. In addition, Coinbase spent $170,000 on lobbying contracts with external companies. Cooperative companies ...

Cryptocurrency exchange Coinbase has significantly strengthened its lobbying work in Washington, D.C. in recent months, the lobbying disclosure report released by the Senate shows.

The exchange re-registered its internal lobbying program in September and spent $625,000 in the third quarter of 2021. In addition, Coinbase spent $170,000 on lobbying contracts with external companies. Cooperative companies include Franklin Square Group, Steptoe & Johnson Law Firm, etc., bringing its total lobbying spending to $795,000 in the third quarter.

It is worth noting that this figure does not cover the full range of Coinbase's lobbying expenditures, such as full-time employees who focus on lobbying.

By Mary Liu