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A bill the cryptocurrency industry calls its top Congressional priority has stalled in the US Senate, even after the sector directed $225 million toward passage.
That figure represents lobbying spending: organized campaigns by hired advocates and political donors to persuade lawmakers to act.
Senators are still arguing over the legislation's terms, and a floor vote does not appear imminent.
What the spending bought and what it did not $225 million is a large sum even for high-stakes federal legislation, and the crypto lobby spent it specifically to advance what it calls a landmark bill.
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