{"id":303720,"date":"2023-02-28T19:12:09","date_gmt":"2023-02-28T19:12:09","guid":{"rendered":"https:\/\/cryptoslate.com\/?p=303720"},"modified":"2023-02-28T19:14:04","modified_gmt":"2023-02-28T19:14:04","slug":"coinbase-spent-3-4m-on-lobbying-in-2022-while-ftx-spent-720k","status":"publish","type":"post","link":"https:\/\/cryptoslate.com\/coinbase-spent-3-4m-on-lobbying-in-2022-while-ftx-spent-720k\/","title":{"rendered":"Coinbase spent $3.4M on lobbying in 2022, while FTX spent $720k"},"content":{"rendered":"<p><a href=\"https:\/\/cryptoslate.com\/companies\/coinbase\/\">Coinbase<\/a> spent $3.4 million on lobbying activities in 2022, ranking second, while <a href=\"https:\/\/cryptoslate.com\/companies\/binance-us\/\">Binance US<\/a> and<a href=\"https:\/\/cryptoslate.com\/companies\/ftx-us-derivatives\/\"> FTX US<\/a> ranked ninth and 13th, respectively, according to a recent report by Money Mongers.<\/p>\n<p>The exchange's 2022 lobbying spend marks a 122% increase from 2021's $1.52 million, according to the Money Mongers <a href=\"https:\/\/themoneymongers.com\/exchanges\/crypto-lobbying\/\">report<\/a>.<\/p>\n<p>Binance U.S. grew its budget for lobbying by 500% and spared $960,000 in 2022 compared to $160,000 in 2021. This placed Binance U.S. in ninth place in the ranking. FTX.U.S., on the other hand, ranked 15th\u00a0 and spent $720,000 for lobbying in 2022, marking a 1340% increase from $160,000 in 2021.<\/p>\n<h2>Lobbying activities since 2017<\/h2>\n<p>Blockchain Association and <a href=\"https:\/\/cryptoslate.com\/products\/robinhood\/\">Robinhood<\/a> followed Coinbase as the second and third largest spenders on lobbying activities by sparing $1.9 million and $1.8 million in 2022, respectively.<\/p>\n<p>Coinbase, Blockchain Association, and Robinhood also rank among the top five biggest lobbying spenders since 2017, sparing over $5.59 million, $3.9 million, and $3.89 million, respectively.<\/p>\n<figure id=\"attachment_303750\" aria-describedby=\"caption-attachment-303750\" style=\"width: 884px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-303750 size-full\" src=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2023\/02\/Top-15-largest-lobbying-spenders-since-2017.png\" alt=\"Top 15 largest lobbying spenders since 2017 (Source: Money Mongers)\" width=\"884\" height=\"521\" srcset=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2023\/02\/Top-15-largest-lobbying-spenders-since-2017.png 884w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2023\/02\/Top-15-largest-lobbying-spenders-since-2017-300x177.png 300w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2023\/02\/Top-15-largest-lobbying-spenders-since-2017-768x453.png 768w\" sizes=\"(max-width: 884px) 100vw, 884px\" \/><figcaption id=\"caption-attachment-303750\" class=\"wp-caption-text\">Top 15 largest lobbying spenders since 2017 (Source: Money Mongers)<\/figcaption><\/figure>\n<p>On the other hand, <a href=\"https:\/\/cryptoslate.com\/companies\/cme-group\/\">CME Group<\/a> holds the leadership in the ranks by having spent over $8.26 million on lobbying activities in the last six years. Binance U.S. and FTX U.S. spared a budget for lobbying activities in 2021 and 2022, placing them 10th and 15th in the ranking, respectively.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Coinbase spent $3.4 million on lobbying activities in 2022, ranking second, while Binance US and FTX US ranked ninth and 13th, respectively, according to a recent report by Money Mongers. The exchange&#8217;s 2022 lobbying spend marks a 122% increase from 2021&#8217;s $1.52 million, according to the Money Mongers report. Binance U.S. grew its budget for [&hellip;]<\/p>\n","protected":false},"author":1262,"featured_media":303762,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[77644],"tags":[],"prediction_market_topic":[],"post_folder":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v21.9 (Yoast SEO v21.9.1) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Coinbase spent $3.4M on lobbying in 2022, while FTX spent $720k<\/title>\n<meta name=\"description\" content=\"Coinbase spared $3.3 million to lobbying in 2022, while Binance US and FTX US spent $960,000 and $720,000, respectively.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptoslate.com\/coinbase-spent-3-4m-on-lobbying-in-2022-while-ftx-spent-720k\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Coinbase spent $3.4M on lobbying in 2022, while FTX spent $720k\" \/>\n<meta property=\"og:description\" content=\"Coinbase spared $3.3 million to lobbying in 2022, while Binance US and FTX US spent $960,000 and $720,000, respectively.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cryptoslate.com\/coinbase-spent-3-4m-on-lobbying-in-2022-while-ftx-spent-720k\/\" \/>\n<meta property=\"og:site_name\" content=\"CryptoSlate\" \/>\n<meta property=\"article:published_time\" content=\"2023-02-28T19:12:09+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-02-28T19:14:04+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2023\/02\/coinbase.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"630\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Zeynep Geylan\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cryptoslate\" \/>\n<meta name=\"twitter:site\" content=\"@cryptoslate\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Zeynep Geylan\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/cryptoslate.com\/coinbase-spent-3-4m-on-lobbying-in-2022-while-ftx-spent-720k\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/cryptoslate.com\/coinbase-spent-3-4m-on-lobbying-in-2022-while-ftx-spent-720k\/\"},\"author\":{\"@type\":\"Person\",\"@id\":\"https:\/\/cryptoslate.com\/author\/zeynep-geylan\/#person\",\"name\":\"Zeynep Geylan\",\"url\":\"https:\/\/cryptoslate.com\/author\/zeynep-geylan\/\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/cryptoslate.com\/author\/zeynep-geylan\/\"},\"image\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/cryptoslate.com\/author\/zeynep-geylan\/#authorimage\",\"url\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2022\/03\/zeynep-geylan-author-300x300.jpg\",\"contentUrl\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2022\/03\/zeynep-geylan-author-300x300.jpg\",\"caption\":\"Zeynep Geylan\"},\"jobTitle\":\"Journalist\",\"description\":\"Zeynep is an academic who turned to crypto in 2018. 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