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October 22, 2026 2:23 am
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Major cryptocurrency groups cut third-quarter lobbying spending from the previous quarter after the CLARITY Act failed to advance last month, Bloomberg reported. Even so, total lobbying outlays in the quarter exceeded $4 million, marking a sixth straight quarter in which the crypto industry spent more than $4 million. The industry had previously spent $8 million in the first half of this year to push the CLARITY Act.