According to the Social Capital Markets report, Coinbase's lobbying spend has surged 34-fold since 2017, rising from $80,000 to $2.86 million in 2023. Ripple Labs also increased its lobbying spend from $50,000 to $940,000 in the same period, an increase of 1,780%. Binance.US's lobbying spend increased by 656%, reaching $1.20 million in 2023. Tether, Uniswap and Block Inc. also invested $1.20 million, $280,000 and $1.70 million respectively in 2023. The overall crypto industry has seen a cumulative increase of 1,386% in lobbying spend since 2017.