Today in data, the cryptocurrency industry ups its spending in Washington, while crypto companies begin to cut jobs.
$26.3M: Campaign contributions from the crypto industry players between January 2021 and the end of March 2022.
320: Number of lobbyists employed by the crypto industry in D.C., quadrupling previous figures.
More than 70: Staff positions cut last week by Bitso, Latin America’s largest crypto exchange and one of several companies letting workers go in the first week of June
10%: Share of staff laid off last week by crypto company Gemini.