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According to OpenSecrets.org, Coinbase has invested enough funds to rank among the top ten in the securities and investment lobbying sector, surpassing even notable firms like Goldman Sachs Group Inc. and Andreessen Horowitz.
U.S. regulations mandate that lobbying activities be reported through federal disclosures, even though informal lobbying often occurs during gatherings and various events. CoinDesk’s analysis focused solely on the first half of the year, utilizing the latest available filings and excluding any activities from 2025, which also saw substantial engagement in crypto policy.
In the broader lobbying landscape, four firms specializing in digital assets surpassed the million-dollar mark in influencing cryptocurrency-related matters. Coinbase led the pack, followed by a16z with $1.5 million, Binance at $1.4 million (primarily through external lobbyists), and Crypto.com spending $1.2 million.
Typically, companies within the industry and their trade associations allocate most of their individual budgets to their in-house lobbyists. When these firms engage outside lobbying agencies, those funds are spread across numerous fronts, reaching at least 42 different lobbying firms, although some received considerably more support than others.
Checkmate Government Relations garnered approximately $1.8 million in crypto-related funding during the first two quarters of 2026, with a significant portion coming from Binance. This North Carolina-based firm is relatively new to the lobbying arena but boasts an impressive portfolio of corporate clients, spanning sectors such as healthcare, technology, finance, tobacco, and firearms, while also aligning closely with Republican initiatives and the Trump administration.
Another prominent firm in the sector is Sternhell Group, helmed by veteran lobbyist Alex Sternhell. His organization received $660,000 from digital asset clients throughout those two quarters, with three out of his four top-paying lobbying partners coming from the crypto industry, as per federal filings.