{"id":1451,"date":"2025-07-25T21:46:00","date_gmt":"2025-07-25T21:46:00","guid":{"rendered":"http:\/\/www.logicalware.net\/?p=1451"},"modified":"2025-07-29T19:37:52","modified_gmt":"2025-07-29T19:37:52","slug":"crypto-lobby-gains-ground-under-trump","status":"publish","type":"post","link":"http:\/\/www.logicalware.net\/index.php\/2025\/07\/25\/crypto-lobby-gains-ground-under-trump\/","title":{"rendered":"Crypto lobby gains ground under Trump"},"content":{"rendered":"

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Crypto lobby gains ground under Trump<\/span><\/h2>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n\n\n
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The cryptocurrency lobby rapidly expanded its presence on Capitol Hill<\/span> in recent months as lawmakers took\u00a0their first bite at legislation to regulate digital currency.<\/span><\/p>\n<\/div>\n<\/div>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n\n\n
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At least 27 crypto companies or advocates<\/strong> filed their first-ever lobbying disclosures this year across some 20 firms, reflecting an increasing appetite for influence in a more crypto-friendly Washington.<\/p>\n

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The newcomers originate from all corners of the industry.<\/p>\n

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There\u2019s betting website Polymarket<\/strong>, a gaming company that created\u00a0an NFT version\u00a0of the White House Easter egg hunt, and a Seychelles-based exchange that cannot operate in the U.S. market due to a federal money laundering settlement.<\/p>\n

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Together, they spent nearly $2.8 million<\/strong> between April 1 and June 30 on lobbying\u00a0landmark legislation\u00a0promoting digital assets to the Treasury Department and the Securities and Exchange Commission, and a host of other issues relevant to blockchain infrastructure \u2014 an increasingly sprawling ecosystem that some hope could one day be as ubiquitous as the internet.<\/p>\n

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The push has\u00a0paid off\u00a0for crypto so far. The GENIUS Act,<\/strong> a bill with bipartisan support signed by\u00a0President Trump\u00a0last week, has been regarded as the government\u2019s \u201cseal of approval\u201d on the industry.<\/p>\n

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The law sets up a regulatory framework for stablecoins<\/strong>, a type of cryptocurrency that is theoretically pegged to the U.S. dollar or another reference asset.<\/p>\n

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The House also advanced several other landmark bills during its monumental \u201ccrypto week,\u201d<\/strong> which featured high-profile lobbying stunts\u00a0such as\u00a0vending machines around the Capitol and the National Mall with customized chocolate bars urging \u201cyes\u201d votes, bankrolled by the crypto exchange Coinbase.<\/p>\n

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Lobbying expenses that week were not covered in the second quarter disclosures.<\/p>\n

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At least 73 companies<\/strong> or associations focused on crypto disclosed federal lobbying activities, to the tune of about $11.4 million<\/strong>.<\/p>\n

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This total doesn\u2019t include spending from investment firms such as Andreessen Horowitz<\/strong> ($790,000) or BlackRock<\/strong> ($810,000) that have substantial crypto interests but also lobbied on a suite of other financial regulation issues.<\/p>\n

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The Hill’s Miriam Waldvogel has more here<\/a>.<\/em><\/p>\n<\/div>\n<\/div>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n\n\n
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Welcome to The Hill\u2019s Technology newsletter<\/strong>, I’m Julia Shapero<\/a> \u2014 tracking the latest moves from Capitol Hill to Silicon Valley.<\/span><\/p>\n<\/div>\n<\/div>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n\n\n
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Did someone forward you this newsletter? Subscribe here.<\/span><\/a><\/span><\/u><\/strong><\/span><\/p>\n<\/div>\n<\/div>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n\n\n
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Essential Reads\u00a0<\/span><\/span><\/span><\/strong><\/span><\/p>\n<\/div>\n<\/div>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n\n\n
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How policy will be impacting the tech sector now and in the future:<\/span><\/em><\/p>\n<\/div>\n<\/div>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n\n\n
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Warren: FCC approval of Paramount-Skydance merger shows Trump is \u2018open for business\u2019<\/strong><\/span><\/p>\n<\/div>\n<\/div>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n\n\n
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Sen. Elizabeth Warren (D-Mass.) blasted the Federal Communications Commission (FCC) late Thursday following its approval of a megamerger between entertainment giants Paramount and Skydance. \u201cThe appearance of this \u2018wink wink\u2019 deal basically lets every other company and every other billionaire [know] that Trump is open for business,\u201d Warren said in a video posted to social platform X. The approval of\u00a0\u2026<\/span><\/p>\n<\/div>\n<\/div>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n\n\n
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Arizona woman sentenced over North Korea tech worker fraud scheme<\/span><\/strong><\/p>\n<\/div>\n<\/div>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n\n\n
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An Arizona woman was sentenced to more than eight years in prison Thursday after she pleaded guilty to helping North Korean tech workers secure remote jobs with hundreds of U.S. firms using false identities. Christina Marie Chapman, 50, of Litchfield Park, Ariz., helped North Korean workers gain IT positions at 309 U.S. businesses as part of a scheme that reaped in more than $17 million, mostly for Pyongyang, according to a\u00a0\u2026<\/span><\/p>\n<\/div>\n<\/div>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n\n\n
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Meta will cease political ads in European Union by fall, blaming bloc’s new rules<\/span><\/strong><\/p>\n<\/div>\n<\/div>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n\n\n
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LONDON (AP) \u2014 Facebook and Instagram owner Meta said Friday that it will stop all political advertising in the European Union by October, blaming legal uncertainty over new rules designed to increase transparency in election campaigns.<\/span><\/p>\n<\/div>\n<\/div>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n\n\n
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The Refresh\u00a0<\/span><\/span><\/span><\/strong><\/span><\/p>\n<\/div>\n<\/div>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n\n\n
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News we’ve flagged from\u00a0<\/span><\/em>t<\/span><\/em>he intersection of tech and other topics:<\/span><\/em><\/p>\n<\/div>\n<\/div>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n\n\n
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