Odaily News According to the Social Capital Markets report, Coinbase has increased its lobbying spending by 3,475% over the past seven years. The cryptocurrency exchange's spending increased from $80,000 in 2017 to $2.86 million in 2023. Ripple Labs also increased its lobbying spending from $50,000 to $940,000 in the same period, an increase of 1,780%. Binance.US's lobbying spending increased by 656% to $1.2 million in 2023. Tether, Uniswap, and Block Inc. also invested $1.2 million, $280,000, and $1.7 million in lobbying in 2023, respectively. The entire crypto industry has seen a cumulative increase of 1,386% in lobbying spending since 2017. (Cointelegraph)