Crypto firms and trade groups have filed over a dozen new disclosures to hire lobbyists in DC since the tax amendment to the US infrastructure bill this summer
Facing a head-spinning array of new legislative and regulatory action out of Washington, D.C., the crypto industry is reacting … Tweets: @coindesk , @coindesk , @coindesk , and @nikhileshde Tweets: @coindesk : Many of the newly minted crypto lobbyists don't know what they're doing, said one Capitol Hill staffer who works on crypto issues. “I deal with people all the time who aren't good at their job, and with some of the newer folks it's painful.” https://www.coindesk.com/... @coindesk : “Early on.. most members didn't want to go down the rabbit hole,” said @RonwHammond. “It was just so complicated and so daunting ... to invest so much time into it. But now it's getting to the point that they understand they have to learn this issue.” https://www.coindesk.com/... @coindesk : “Ripple Labs, which spent $330,000 in 2020, has blown past that figure [this year], spending $550,000 through June. Since 2019, the firm has doubled the size of its stable of lobbyists, from six to twelve.” @rrgarver reports on how crypto is ramping up. https://www.coindesk.com/... Nikhilesh De / @nikhileshde : I actually heard this from someone during the infrastructure bill stuff in August. Lot of folks sowing confusion and trying to boost their own image more than they were effectively advocating for their cause, according to that person. https://twitter.com/...