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Coinbase Spent $3.4M on Lobbying in 2022, While FTX Spent $720K

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’s 2022 lobbying spend marks a 122% increase from 2021’s $1.52 million, according to the Money Mongers report.

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  and spent $720,000 for lobbying in 2022, marking a 1340% increase from $160,000 in 2021.

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