CoinScoopCrypto Industry Spends $8 Million Lobbying for CLARITY Act
Crypto companies and industry groups spent approximately $8 million to lobby for the CLARITY Act during the first half of 2026, according to CoinDesk. Total federal lobbying expenditures by the sector exceeded $13 million, with Coinbase contributing about $2.2 million and Kraken nearly $1 million. An additional $2.4 million was allocated to external lobbying firms. The bill has yet to advance in the U.S. Senate.
Summaries are written by AI from the original article. Not investment advice.