Recent information reveals that Ripple spent a significant amount in 2019 to try and shape crypto and blockchain regulations in the US through lobbying.
Ripple spent $170,000 on lobbying in 2019
The new year is already well underway, and yet, the crypto industry continues to struggle with the same issues as it did in years before. The crypto space still lacks regulatory clarity in most countries around the world, and even those that have made attempts to regulate it only partially succeeded in doing so.
However, all eyes are still on the US, with the entire world waiting to see whether or not the country’s regulators plan to make a move. In the meantime, new numbers emerged, revealing that the crypto company Ripple — which created the world’s third-largest crypto, XRP — spent around $170,000 lobbying the US government last year….
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