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Crypto Investment Firm Digital Currency Group Registers Executive as Lobbyist

The company's Grayscale unit has sued the SEC for rejecting its spot bitcoin ETF application.

By Nelson Wang
AccessTimeIconAug 16, 2022 at 4:58 p.m. UTC
Updated May 11, 2023 at 6:53 p.m. UTC
Digital Currency Group founder and CEO Barry Silbert (CoinDesk)
Digital Currency Group founder and CEO Barry Silbert (CoinDesk)
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Digital Currency Group, which counts more than 150 crypto companies in its portfolio, has registered its vice president of public policy, Julie Stitzel, to lobby on its behalf with the U.S. federal government, according to disclosure filing on Monday. DCG owns CoinDesk.

  • The filing describes DCG’s business as to “support bitcoin and blockchain companies by leveraging insights, network and access to capital.”
  • The move suggests DCG will be getting more involved in lobbying efforts, particularly in the run-up to the 2022 midterm elections. Stitzel was head of bitcoin policy at Block’s Cash App before she joined DCG in May.
  • One of DCG’s largest subsidiaries, digital asset manager Grayscale, filed a legal challenge against the U.S. Securities and Exchange Commission in June for rejecting its spot bitcoin exchange-traded fund application and had been ramping up its legal team in anticipation of that decision.
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    CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.

    Nelson Wang
    Nelson Wang

    Nelson Wang was CoinDesk's news editor for the East Coast. He holds BTC and ETH above CoinDesk's disclosure threshold of $1,000.

    Follow @NelWang on Twitter

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