Wednesday, November 30, 2022

Kraken registers to lobby

Presented by Philip Morris International: Delivered daily, Influence gives you a comprehensive rundown and analysis of all lobby hires and news on K Street.
Nov 30, 2022 View in browser
 
POLITICO Influence newsletter logo

By Caitlin Oprysko

Presented by Philip Morris International

With Daniel Lippman

IN THE NICK OF TIME: Cryptocurrency exchange Kraken has registered its first in-house lobbyists. According to a disclosure filed Tuesday, the exchange began lobbying at the beginning of October. That move that appears more prescient in the weeks since the collapse of rival exchange FTX has resulted in fresh scrutiny being heaped upon the industry — a reputational blow acknowledged by Kraken CEO Jesse Powell, who lamented in a series of tweets that the sector would be "working to undo this for years."

— Just yesterday, Kraken was among the crypto trading platforms asked by Sen. Ron Wyden (D-Ore.) to turn over details about their organizational structures , balance sheets, real estate acquisitions and more to assess the companies' safeguards for consumers. The day before, the Treasury Department announced Kraken had agreed to pay more than $360,000 to settle alleged violations of U.S. sanctions against Iran and invest in sanctions compliance controls.

— According to the company's disclosure filing, Nate Parker, a Trump White House alum who previously worked for Sen. John Cornyn (R-Texas) and House Minority Leader Kevin McCarthy , and Jonathan Jachym, a former lobbyist for the London Stock Exchange Group and the derivatives exchange CME Group, will lobby on a bill from Senate Agriculture leadership that would hand the CFTC authority to regulate Bitcoin markets.

— One of the bill's sponsors, Sen. John Boozman (R-Ark.) has called for a "top-down" review of the measure, for which FTX was a key cheerleader within the industry, following its collapse. Sen. Sherrod Brown (D-Ohio), who chairs the Banking Committee and has pushed back on the bill previously, has been among those in Washington casting the Senate Ag bill as tainted by the industry's backing .

— Kraken already has a lobbying presence in Washington. The exchange retained Invariant in February and has paid the firm $200,000 since then. It is also a member of the Blockchain Association, which has dropped more money on lobbying through the first three quarters of 2022 than it did all of last year.

Good afternoon and welcome to PI . Send K Street tips and the biggest surprise (or flex) from your Spotify Wrapped : coprysko@politico.com . And be sure to follow me on Twitter: @caitlinoprysko .

A message from Philip Morris International:

Today, 34 million Americans smoke. What's being done to help them stop smoking? Not nearly enough. A new approach is needed, with regulations driven by science and built around the needs of adult smokers. Those 34 million American smokers should have access to—and accurate information about—a wide range of smoke-free products through a review process that maintains scientific rigor but is fast and predictable. More must be done. The time is now. Let's end smoking.

 

CRISIS COMMUNICATORS WARN SBF TO CAN IT: "Sam Bankman-Fried squandered a multibillion-dollar cryptocurrency empire. Now he won't stop talking about it ," POLITICO's Sam Sutton writes.

— "The 30-year-old former executive has kept tweeting and talking to reporters since his digital asset exchange, FTX, collapsed under financial mismanagement in early November. … Bankman-Fried's unrelenting public campaign has crisis management specialists, public relations experts and even some lawmakers warning that refusing to stay quiet is unlikely to salvage his reputation — and that he's putting himself in growing legal danger."

— "He's openly defying the advice of his own lawyers, boasting in an interview released Tuesday that 'I told them to go fuck themselves' after they urged him to stop talking about mistakes he made at his startup."

— "'Every time he opens his mouth, he increases his civil and criminal liability,' said Niki Christoff, a Washington-based strategic consultant who previously held leading policy communications roles at Uber and Google. 'It costs nothing to keep quiet, but he can't seem to do that.'"

WHO'S GOT RAIMONDO'S EAR: "In her first seven months as commerce secretary, Gina Raimondo met with or spoke in front of 230 CEOs, top executives, or industry trade groups, an average of more than one meeting per day , according to calendar logs recently released under a Freedom of Information Act request," The American Prospect's David Dayden reports.

— "The list includes six meetings with Apple CEO Tim Cook, three with Amazon CEO Andy Jassy, three with Microsoft Vice Chairman Brad Smith (and two with the company's CEO, Satya Nadella), two with Google/Alphabet CEO Sundar Pichai, and one with Facebook 's former chief operating officer Sheryl Sandberg. Aside from these heavy hitters, Raimondo met with other lead executives at tech firms like Airbnb, Lyft, PayPal, eBay, Salesforce, IBM, Rakuten, and more. There are three Cook meetings with Raimondo just between August 25 and September 30, 2021."

— "Some of Raimondo's meetings with tech industry leaders have been reported previously, upon the release this summer of the March and April 2021 calendars. But the assignations with corporate America go well beyond tech, touching defense contractors, financial institutions, airlines, pharmaceutical companies, automotive firms, and more."

SOME NEW FRIENDS? Cook is in town this week to meet with the Republican lawmakers who are set to steer much of the tech agenda for the GOP-led House next year, Bloomberg's Emily Birnbaum and Mark Gurman report.

— He's got meetings scheduled with Reps. Jim Jordan (R-Ohio), Darrell Issa (R-Calif.) and Cathy McMorris Rodgers (R-Wash.), two of whom are slated to lead the House Judiciary Committee and House Energy & Commerce Committee next year.

— The timing of the trip is … less than ideal for Cook. Though "the meetings were likely scheduled weeks ago, far in advance of the diatribe against the company launched by Twitter Inc. CEO Elon Musk … Apple faces intensifying heat from conservatives."

— "Some Republicans are rallying behind Musk, who on Monday attacked Apple and Cook in a series of tweets, claiming that the company threatened to remove Twitter from Apple's app stores and paused its advertising on Twitter's platform." Cook is also planning to meet with Cornyn, a frequent critic of Apple's ties to China, as well as Sens. Martin Heinrich (D-N.M.) and Brian Schatz (D-Hawaii).

FLYING IN: The National Alliance on Mental Illness is on the Hill today to push for the inclusion of mental health measures in a year-end spending deal. Members of the group were slated to meet with more than 80 offices, and spoke with Sens. Michael Bennet (D-Colo.), Lisa Murkowski (R-Alaska), Catherine Cortez Masto (D-Nev.) and Reps. Tom Emmer (R-Minn.) and Joe Sempolinski (R-N.Y.). They're calling for increases in mental health funding, workforce and telehealth policies and investments to improve mental health crisis response .

WHAT TO EXPECT WHEN YOU'RE EXPECTING … A FARA INQUIRY: The Justice Department has become more aggressive in enforcing FARA, meaning that less headline-grabbing letters of inquiry from the FARA Unit — one of DOJ's primary instruments for fact-gathering — are on the rise.

Wiggin and Dana's David Laufman , who once oversaw FARA enforcement at the department, and Sarah York have put together some pointers for how best to respond to such letters , which they write have become "a major component of FARA compliance practice for lawyers in this field."

— "Understanding how best to respond to an LOI is critical not only to helping clients avoid a determination by DOJ that they must register under FARA, but also to mitigating any risk that an administrative compliance inquiry might transform into a criminal investigation," which could then allow DOJ access to more serious investigative tools.

UTILITIES CHANGE THEIR TUNE: "After years of taking steps like backing dark-money groups to sue the government to block tighter air pollution rules … a growing number of other utilities have joined forces to speed the transition away from fossil fuels," The New York Times' Eric Lipton reports.

— "Their new stance is driven less by evolving ideology than the changing economics of renewable energy, fueled in part by the sheer amount of money the federal government is putting on the table to encourage utilities to move more quickly to cleaner and more sustainable sources of energy like solar and wind."

— "But if industrial policy initiatives can provide powerful incentives to corporations to pursue those goals, they also inevitably raise questions about whether they are constructed in ways that reward companies for taking actions that market forces would lead them to take anyway — an issue that hovers over the legislation embraced by both Mr. Biden and the electric utilities."

— To wit, the Inflation Reduction Act includes "a 10-year, $220 billion hodgepodge of tax breaks and major changes in federal tax law and other climate-change-inspired inducements that amount to a kind of lobbyist wish list never before considered even remotely possible by the industry. With so much on the line financially, the industry ramped up spending on lobbyists to help push the package through the House and the Senate" in addition to padding the campaign coffers of key negotiators.

GOTHAM JOINS FORCES WITH NEW YORK 'TABLOID' ATTORNEY: New York-based Gotham Government Relations, the government affairs and PR shop that helped stage Donald Trump's famed 2015 presidential campaign launch and expanded to D.C. once he was elected, is joining up with Aidala, Bertuna & Kamins, another New York firm known for its representation of "America's tabloid villains," as The New York Times has put it.

— Gotham will become the lobbying arm of Aidala, Bertuna & Kamins, whose clients have included Harvey Weinstein, Alan Dershowitz and Rudy Giuliani, the firms announced. Gotham's David Schwartz will be president of the joint venture, while ABK's Arthur Aidala will become chair of Gotham and Denny Salas will become vice president of government affairs. Former Rep. Gary Ackerman will lead congressional outreach for the firm.

 

A message from Philip Morris International:

Advertisement Image

 
Jobs Report

Waxman Strategies has promoted Claire McAndrew to senior vice president and Zara Day to vice president in the health care practice, and Aliya DeGeneste-Wheeler to vice president of people and culture.

Nelson Perez has joined Centrus Energy as vice president of government affairs. He was most recently senior vice president of government affairs at Altice USA.

— The Plastics Industry Association has named Camille Gallo communications director. She was most recently deputy director of media affairs and strategic communications at the NRCC.

Mayer Brown promoted infrastructure lawyers Samantha Leavitt, Katy McNeil and Nick Vallorano to partner.

Nick Lombardo has joined ClearPath as senior program director of international policy and Landon Stevens has joined as senior program director for the electricity sector. Lombardo joins from Tata Group and Stevens joins from the Conservative Energy Network .

Esther Brimmer will return to the Council on Foreign Relations as the James H. Binger senior fellow in global governance. She is currently executive director and CEO of NAFSA: Association of International Educators.

Hannah Schanzer is now development project manager at EDP Renewables. She most recently was a special assistant for the Department of Energy.

Marissa Mitrovich is now vice president of public policy at the Fiber Broadband Association. She previously was vice president of federal legislative affairs for Frontier Communications.

Campbell Millum is now global head of communications at Bird. She most recently was head of U.S. policy communications at DoorDash and is a Lyft alum.

Eric Simanek has joined Eversheds Sutherland's capital markets and investments practice group as partner. He was previously a partner at Sullivan & Worcester.

Courtney Rowe is now senior vice president of corporate communications at NBCUniversal. She most recently oversaw strategic comms and public engagement for the White House Covid-19 response team and is an Obama White House and National Geographic alum.

Cally Perkins is joining Rep.-elect Morgan Luttrell 's (R-Texas) office as communications director. She previously was national press secretary for the Congressional Leadership Fund and American Action Network and is an alum of RSLC and Reps. Tom Rice (R-S.C.) and Trent Kelly (R-Miss.).

 

JOIN NEXT WEDNESDAY FOR A POLITICO DISCUSSION ON THE NEW TRAVEL EXPERIENCE : Americans are now traveling in record numbers — but the travel experience has changed drastically in recent years, not always for the better. What lessons can we learn from the pandemic and different responses around the globe? And in the face of a possible recession, what will help the travel industry remain vibrant and deliver jobs? Join POLITICO on Dec. 7 for "The Travel Experience Redefined" to discuss these questions and more. Breakfast and coffee will be provided. REGISTER HERE .

 
 
New Joint Fundraisers

None.

New PACs

All The Way (PAC)
Granite State Teamsters DRIVE (PAC)
Integrity PAC (Super PAC)
The Media Literacy Project (PAC)
Safe America Club (PAC)
Sierra Space Corporation PAC (PAC)

 

GO INSIDE THE MILKEN INSTITUTE FUTURE OF HEALTH SUMMIT: POLITICO is featuring a special edition of our "Future Pulse" newsletter at the 2022 Milken Institute Future of Health Summit from Dec. 6 to 8. The newsletter takes readers inside one of the most influential gatherings of health industry leaders and innovators solving the biggest global health issues to ensure a healthier, more resilient future for all. SUBSCRIBE TODAY TO RECEIVE EXCLUSIVE COVERAGE .

 
 
New Lobbying Registrations

Fs Vector LLC: Ava Labs, Inc.
Payward Inc. D/B/A Kraken: Payward Inc. D/B/A Kraken
Tusk Strategies, LLC: Lactalogics, Inc.
Tusk Strategies, LLC: Mstzo, LLC
Van Scoyoc Associates: National Education Association

New Lobbying Terminations

Asian American Advisors LLC: Chun-Yen Tsai
Asian American Advisors LLC: Everlight Americas, Inc.
Asian American Advisors LLC: Taiwei Biotech International
Boardman USa: Laneaxis, Inc.
Whitmer & Worrall, LLC: Ecolab

A message from Philip Morris International:

The most harm from cigarettes comes from burning tobacco—there shouldn't be any confusion about that.

When we begin with this knowledge, we can look at an approach to end smoking that includes smoke-free alternatives for adult smokers who do not quit.

We know that the best thing an existing smoker can do is to quit tobacco altogether. But 9 in 10 adults will likely continue to smoke. So for those who don't quit, changing to smoke-free products that are much better than continuing to smoke is now a matter of emergency.

With accurate information and access to smoke-free products, millions of adult smokers are putting out their cigarettes.

Everyone wants a world without cigarettes—but it will take our collective action.

Smokers need help, not judgment.

They need facts.

They need better options than continuing to smoke cigarettes.

Let's make smoking history.

Learn more.

 
 

Follow us

Follow us on Facebook Follow us on Twitter Follow us on Instagram Listen on Apple Podcast
 

To change your alert settings, please log in at https://www.politico.com/_login?base=https%3A%2F%2Fwww.politico.com/settings

This email was sent to edwardlorilla1986.paxforex@blogger.com by: POLITICO, LLC 1000 Wilson Blvd. Arlington, VA, 22209, USA

Please click here and follow the steps to unsubscribe.

No comments:

Post a Comment

Collecting 5-figure tax sales checks

‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ...