Binance invested heavily in lobbying before guilty plea
Binance has significantly expanded its investment in lobbying over the last two years, already spending over $1 million between Binance and Binance.US in 2023. OpenSecrets, which relies on Federal Election Commission disclosures, details how Binance Holdings has invested $850,000 in 2023 so far and Binance . US has invested $340,000. This was an interesting inversion from 2022 where Binance . US led the spending, investing over $1 million into lobbying for Binance . US and only $50,000 for Binance . Data from Federal Election Commission via OpenSecrets. These lobbying efforts in 2022 foc US ed on two specific bills — the Digital Commodities Consumer Protection Act endorsed by Sam Bankman-Fried and the Lummis-Gillibrand Responsible Financial Innovation Act. Among the lobbying firms retained by Binance.US is FS Vector, and this year it has been retained by other firms important to the cryptocurrency ecosystem, including Dapper Labs, Ava Labs, BankWyse, Block, Chamber o...