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