Digital Currency Group, a cryptocurrency investment firm, registers an executive as a lobbyist.
The company’s Grayscale division has filed a lawsuit against the SEC for denying its request for a spot bitcoin ETF.
According to a disclosure filing on Monday, Digital Currency Group, which owns more than 150 cryptocurrency businesses, has authorized Julie Stitzel, its vice president of public policy, to advocate on the company’s behalf before the U.S. federal government.
According to the filing, DCG supports bitcoin and blockchain firms by using its network, expertise, and funding.
The action signals that DCG will engage in additional lobbying activities, especially in the lead-up to the 2022 midterm elections. Prior to joining DCG in May, Stitzel served as Block’s Cash App’s head of bitcoin policy.
One of DCG’s main subsidiaries, digital asset management Grayscale, challenged the SEC’s decision to deny its application for a spot bitcoin exchange-traded fund in court in June. Grayscale had been expanding its legal team in preparation of the SEC’s ruling.