CoinDesk Podcast Network BITCOIN SEASON 2: Are there too many crypto lobbyists in DC?
Apr 19, 2025
The growing influence of crypto lobbyists in Washington, D.C. is heating up, with over a dozen active advocates. A staggering $119 million is being spent this year to shape policy in the industry’s favor. The shift from defensive to offensive lobbying is seen as crucial ahead of the 2024 elections. The discussion covers contrasting strategies between national and state organizations, the challenges of reinforcing Bitcoin's importance in legislation, and the dynamic political landscape in Oklahoma. It's an insightful look into the power and implications of crypto lobbying.
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Crypto's Strategic Lobbying Shift
- Crypto has shifted from a defensive to offensive lobbying strategy with substantial campaign contributions.
- This increased spending and lobbying indicates the industry's growing influence and voice in politics.
Two Faces of Lobbying
- Lobbyists either seek fair regulation or regulatory capture to entrench their advantages.
- Lobbying is necessary to educate lawmakers unfamiliar with complex industries like crypto.
Oklahoma Bitcoin Lobbying Experience
- Charlie Spears shares his experience lobbying Bitcoin mining legislation in Oklahoma.
- Local efforts involve meetings, lobbyists, fundraising, and constant communication with legislators.