Crypto industry gave $8 million to Clarity Act lobbyists who didn't close the deal
60-second summary
The crypto industry spends $8 million on Clarity Act lobbyists who fail to close the deal, directing most of the half‑year lobbying budget toward advancing the U.S. market‑structure bill that never reaches its target; this misallocation highlights regulatory uncertainty, pressures firms to seek clearer rules, and could dampen investor confidence across the sector.
In the first half of this year, the sector poured millions into lobbying, with most of it tied to pushing the U.S. market structure bill to a goal it never reached.