Crypto Firms Spent $8 Million Lobbying For The CLARITY Act. The Effort Failed.

Source: International Business Times

The huge spending did not result in the bill advancing through the Senate this month. IBTimes US The cryptocurrency industry spent about $8 million on lobbying efforts connected to the Digital Asset Market Clarity Act during the first half of 2026, part of a broader push to shape federal rules governing digital assets as the legislation moved through Congress. An analysis of federal lobbying disclosures by CoinDesk found that crypto companies and industry groups spent more than $13 million on lobbying during the six-month period, with roughly $8 million tied through disclosure language to the market-structure legislation.