According to CoinMeta, and as reported by Bloomberg, with the clarity bill, which is a key focus for the crypto industry, facing setbacks in a procedural vote in the Senate in September, Coinbase and several major crypto industry organizations saw a decrease in lobbying spending at the federal level in the United States during the third quarter compared to the second quarter. Nevertheless, the lobbying spending of these organizations still exceeded $4 million that quarter, maintaining this level for six consecutive quarters. Some lobbying firms also terminated their cooperation with crypto industry clients during the third quarter. In the first half of this year, the crypto industry invested over $8 million in lobbying efforts to promote market structure legislation, but failed to secure passage of the bill in the key procedural votes of the Senate.