• Educate policymakers on Krakens business model; educate members on cryptocurrency issues, crypto legislation, and market structure proposals, including H.R.4763, the Financial Innovation and Technology for the 21st Century Act, and S.2281, the Lummis-Gillibrand Responsible Financial Innovation Act; and anti-money laundering legislation, including S.2355, the Crypto-Asset National Security Enhancement and Enforcement Act, and S.266, the Digital Asset Anti Money Laundering Act. Monitor digital assets legislation.
• Monitor crypto reporting provisions in PL 117-58, Inflation Investment and Jobs Act. Monitor digital assets tax proposals and proposed regulations.

Duration: February 16, 2022 to present

General Issues: Financial Institutions/Investments/Securities, Taxation/Internal Revenue Code, Banking

Spending: about $630,000 (But it's complicated. Here's why.)

It can be tricky to figure out how much an organization spent on a particular lobbying engagement. The law only requires lobbyists to report the amount they were paid for federal lobbying each quarter rounded to the nearest $10,000—and if it's less than $3,000 in a given quarter (or less than $13,000 for organizations with in-house lobbyists), they don't have to disclose it at all. Plus, some organizations include spending that doesn’t belong in the report—for instance, money spent lobbying state governments or other legal work.

Agencies lobbied since 2022: U.S. Senate, House of Representatives, Commodity Futures Trading Commission (CFTC), Treasury - Dept of, Executive Office of the President (EOP)