The number of US crypto lobbying groups has increased sharply, and the industry is worried about resource duplication and reduced efficiency

Planet Daily News: As the U.S. cryptocurrency policy environment becomes increasingly active, over 12 major lobbying organizations are active in Washington, including the Digital Chamber, Blockchain Association, and Crypto Innovation Council (CCI), with recent additions like the Solana Policy Institute (SPI) and National Cryptocurrency Association (NCA). Although industry leaders generally believe in "strength in numbers," some former policy advisors are concerned that multiple organizations have high overlap in members, funding, and objectives, which may lead to resource waste and excessive bombardment of policymakers. The Stand With Crypto movement led by Coinbase, and the well-funded political action committee Fairshake, are also driving policy changes, having invested over $100 million last year to support pro-crypto candidates. As the new Congress advances several key crypto bills (covering market regulation, stablecoins, DeFi, proof of reserves, etc.), multiple organizations have experienced leadership changes, such as Kristin Smith leaving the Blockchain Association to join the Solana Policy Institute, and Digital Chamber founder Perianne Boring stepping back from daily management, retaining only a board position. (CoinDesk)