OpenSecrets cited data from the US Federal Election Commission, showing that in the past two years, Binance has significantly expanded its lobbying investments, with lobbying expenditures for Binance and Binance.US exceeding $1 million in 2023.

Binance Holdings' lobbying expenses from the beginning of the year until now have reached $850,000, while Binance.US has spent $340,000. This is an interesting reversal compared to 2022, when Binance.US dominated spending, investing over $1 million in lobbying for Binance.US, while Binance only invested $50,000.