ICYMI: Crypto.com made a major move into federal lobbying at the start of the year
According to lobbying disclosure documents reviewed by The Block, Crypto.com spent $300,000 on lobbying in Q1 of 2022, immediately making it one of the largest players in the crypto lobbying space. It was the first time that the company had reported any lobbying disclosures at all.
The firm also enlisted teams at Hill East Group, Atlas Crossing, S-3 Group, Miller Strategies and K&L Gates for contracts that totaled $170,000 in Q1. Additionally, lobbying and advocacy teams at Blue Star Strategies and Sidley Austin filed registrations to lobby for Foris DAX, but did not report any actual lobbying spending as of the Q1 due dates for those reports.
“We are actively seeking to work with regulators globally as we continue to build our operations and to educate policymakers about our company and the category,” a spokesperson for Crypto.com told The Block but declined to elaborate on their plans for building those operations.reported recently that the firm’s government wings “expected the teams to have upwards of 40 staffers around the globe by the end of the year.
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