Why Coinbase Has Been Spending Big On Lobbying

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Cryptocurrency companies, facing challenges due to increased scrutiny from the U.S. Securities and Exchange Commission (SEC), are intensifying their efforts in Congress to garner backing for legislation that aims to address regulatory concerns and provide clarity for the industry. Several organizations, including the Blockchain Association, Chamber of Digital Commerce, Crypto Council for Innovation, and Coinbase Global (NASDAQ: COIN), are actively engaging with lawmakers to seek bipartisan support for a proposed bill in preparation for an upcoming crucial vote. Lobbyists are currently directin…

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