According to CoinMeta, the lobbying expenditure in the crypto industry reached $13 million in the first half of this year, with the largest portion being used to promote Clarity Act. However, that bill did not make progress in the U.S. Senate. Coinbase led the related lobbying expenditures, with multiple crypto companies and industry associations hiring lobbyists, and the industry paid millions of dollars in service fees to at least 42 external professional organizations.