According to CoinMeta, the lobbying expenditure in the crypto industry in the first half of this year reached $13 million, with the largest portion being used to promote the Clarity Act bill. However, this bill failed to make progress in the U.S. Senate. The cryptocurrency exchange Coinbase led the related lobbying efforts, and several crypto companies and industry associations also hired lobbyists. The industry also paid millions of dollars in service fees to at least 42 external professional organizations.