Stablecoin issuers spent more than $1.3 million on crypto lobbying in Congress

Every year, cryptocurrency companies allocate some of their capital to lobbying for the blockchain industry. Stablecoin issuers Tether, Circle and others have spent more than $1.3 million for this purpose since the beginning of 2022.
The developer of the largest USDT token uses the services of consulting firm FTI Government Affairs to promote its business interests.
Since the beginning of last year, Tether has spent about $600,000 for this purpose, ProPublica reports. On average, the quarterly spending on crypto lobbying in the Senate and House of Representatives was $120,000.

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