Crypto companies, on defense in Washington, scramble to assemble a lobbying machine


Crypto executives have been slow to engage in political fundraising, but that’s changing, too. After Wyden championed the industry’s preferred fix to the infrastructure tax provision, industry executives organized a fundraiser for him in early September. The event — hosted by Conway; Haun of Andreessen Horowitz; and Fred Ehrsam, chief executive of Paradigm, a crypto-focused venture capital firm and founding member of the CCI — was one of the first such efforts by industry leaders, participants said. “The crypto industry is still nascent, and with any growing industry, fundraising efforts start small and they grow over time,” Conway said. “The same will happen here.”

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