Crypto Industry Increases Lobbying in Congress Amid Regulatory Scrutiny

The cryptocurrency market has been experiencing significant growth in recent years, but with this expansion also comes increased attention from lawmakers and regulators. To address these concerns, industry players are stepping up their lobbying efforts in Washington.

One of the main goals is to avoid new taxes on cryptocurrencies, which could hinder innovation and adoption. By improving their public image and demonstrating their value, crypto companies hope to reduce regulatory pressure and increase access to traditional financial services.