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Welcome to the power of lobbying, where one of the top-20 donors to the 2020 Biden campaign ($5.2 mil) was a crypto company (Alameda Research):

https://www.opensecrets.org/2020-presidential-race/joe-biden...

SBF, the billionaire owner of that company says he plans to donate $100 mil - $1 bil in the next election because it's the most efficient use of money possible:

https://cryptopotato.com/ftxs-sbf-says-he-could-donate-100m-...

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The open secrets data is employees donating, not companies.

He declared it was him, not a bunch of employees together. The company had about 20 employees back then anyway.

Another way to look at lobbying is that it helps grow/sustain our economy and the successful companies at the government level. i.e. "if you made it this far (and have the money to show), you've proven to us [the government] that we can depend on you to bolster our economy". It's a self perpetuating economic positive feedback loop.

-- My 2 cents

(ps I'm not a fan of crypto)

That view can be used to justify any type of corruption. You're paying a mayor to give you a permit? Proof you're a pillar of the local community. Paying the police not to investigate your sex trafficking? An important part of the local labor market.

One problem with this view is that some entities don't necessarily optimize for money (think foreign governments).

It’s also debatable whether an elite firm would lobby to create further growth, or simply entrench their market position.

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