Kraken’s parent company, Payward, emerged as the top spender in EU crypto lobbying in 2024, surpassing Coinbase, according to data released by Corporate Europe Observatory and LobbyControl. Payward spent between $323,000 and $430,000, employing 2.75 full-time-equivalent lobbyists to engage with EU institutions ahead of the full implementation of the Markets in Crypto-Assets Regulation (MiCA) on December 30, 2024.
The spending surge reflects a broader trend as crypto firms increased lobbying budgets by roughly 25% year over year, signaling the sector’s commitment to shaping clear and balanced regulatory frameworks. Coinbase followed with $216,000–$323,000 in lobbying expenditures, while Bitpanda and Binance maintained previous-year levels. Digital banking platform Revolut also registered significant lobbying, highlighting the growing intersection of traditional finance and crypto.
Observers note that MiCA’s rollout offers an opportunity for exchanges to engage proactively with regulators and influence practical implementation standards. Monitoring further EU crypto policy developments will be crucial for investors and industry participants.
Source: https://www.lobbyfacts.eu/datacard/payward-inc?rid=275106146202-23
Disclaimer: Crypto Economy Flash News are based on verified public and official sources. Their purpose is to provide fast, factual updates about relevant events in the crypto and blockchain ecosystem.
This information does not constitute financial advice or investment recommendation. Readers are encouraged to verify all details through official project channels before making any related decisions.
