• Issues related to Kraken's U.S. business operations including our centralized exchange and bank, among other products and services; crypto legislation, including H.R. 4763, the Financial Innovation and Technology for the 21st Century Act, H.R. 4766, Clarity for Payment Stablecoins, S.2281, Responsible Financial Innovation Act; and IRS broker regulations on Gross Proceeds and Basis Reporting by Brokers, and Determination of Amount Realized and Basis for Digital Asset Transactions, REG 122793-19, 88 Fed. Reg. 59576 (Aug, 29, 2023).

Duration: October 1, 2022 to present

General Issues: Financial Institutions/Investments/Securities

Spending: about $1,758,000 (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, Treasury - Dept of, Securities & Exchange Commission (SEC), Commodity Futures Trading Commission (CFTC)