Crypto Industry Spends $8 Million on Lobbying for Clarity Act Without Legislative Success

The cryptocurrency industry spent over $13 million on federal lobbying in the first half of 2026, with approximately $8 million specifically linked to the Digital Asset Market Clarity Act. Despite these significant expenditures, the bill has yet to pass the U.S. Senate. Coinbase led the spending with $2.2 million allocated toward the bill's advocacy, followed by Kraken, Digital Currency Group, Jump Crypto, and Paradigm. While industry representatives argue these efforts have laid the groundwork for future regulatory progress, the immediate goal of establishing a comprehensive market structure framework remains unachieved.