💸 MasterCard, blockchain industry spent millions on lobbying in the first quarter
According to Q1 2019 disclosures, 80 fintech firms--half claiming ties to crypto or blockchain tech--spent a total of $80 million on lobbying last quarter. MasterCard and The National Venture Capital Association spent $720,000 and $520,000 on, among other things, virtual currency and blockchain policy respectively. Coinbase spent $50,000 on the Bank Security Act and cybersecurity lobbying in addition to Coin Center's $140,000 on various federal policies. The Blockchain Association, a lobbying firm founded last September, dolled out $120,000, mostly toward Rep. Warren Davidson's (OH-R) digital token and security legislation.
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