Trump Era Sparks Crypto Lobbying Boom: 27 Firms Make History With First-Time Filings

The efforts of the encryption industry for a more supportive organizational environment in the United States have resulted in the year, as it is clear from a recent report from the hill that highlights the rapid expansion of efforts to pressure the encryption.

According to the hadith a report Through the hill, at least 27 encryption companies and preachers have provided the first disclosure of pressure over the past months, which reflects an increasing desire to influence legislation that could form the future of digital assets.

Cocoin tops expenses at one million dollars

According to the report, these “new arrivals” represent a variety of interests in the industry, from betting platforms such as polymarket to gaming companies that create non -violated symbols (NFTS) related to prominent events.

These entities have invested approximately $ 2.8 million between April and June to pressure legislation that enhances digital assets, and targeting major organizational bodies such as the Treasury and the Securities and Exchange Commission (SEC).

This legislative effort has already resulted in results. The recently signed genius law, which has been supported by the two parties, is an important support for this industry, with the aim of providing a new regulatory framework for Stablecoins.

The House of Representatives has also developed many other major bills, including the clarity law and the CBDC bill, during a dedicated “encryption week”, which includes creative pressure tactics.

It is said that a total of 73 companies and associations participate in federal pressure activities related to encrypted currencies, which spend about $ 11.4 million.

Among the new participants, Cocoin, a crystallized currency exchange exchange, led the pressure expenses of one million dollars, although it was prevented from working in the American market for at least two years due to organizational violations.

The effect of the pendulum in the regulation of encryption?

Miller Whitehos Levin, CEO of the Solana Policy Institute, confirmed that the industry has been fought with innovation, but with an understanding of how the technologies arising consistent with the current legal frameworks.

While some companies such as Bitdeer Technologies, which focus on Bitcoin (BTC), continues to address currency related problems, many companies benefit from Blockchain technology for a wider group of financial products.

Polymarket, which works under Blockatize, allows users to put bets on various events using encrypted currencies, while Gala Games sponsored the Easter EGG Roll game in the White House, and encouraging the online game platform that is equivalent to players with encryption code.

Looking forward, the encryption industry is keen to see the Clarity Law in the Senate, which aims to provide a federal regulatory plan for encryption companies.

In addition, a draft law prohibits the Federal Reserve (Fed) of the issuance of digital assets or the Central Bank of Digital Bank (CBDC) has obtained an interest from within the sector.

However, Whitehouse-Levine expressed his concerns about the possibility of organizational transformations, for fear of returning to the cautious situation that described previous departments.

He pointed out that “the pendulum has swing from one side to another,” which highlights the need for consistent and stable organizational conditions to enhance growth and innovation in the industry.

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