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.

AccessTimeIconAug 16, 2022 at 4:58 p.m. UTC
Updated Aug 16, 2022 at 5:40 p.m. UTC

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

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.

DISCLOSURE

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.

CoinDesk - Unknown

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

CoinDesk - Unknown

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

Investing in the Future of the Digital Economy
October 18-19 | Spring Studio, NYC