Wintermute announced the opening of its New York office on May 15, citing improved regulatory conditions in the world’s largest economy.“As the US takes a friendlier stance on digital assets and institutional adoption accelerates, we moved quickly to establish roots in New York City,” the company wrote in a May 15 X post, adding that the local presence will help them in “contributing to the future regulatory framework.”Source: Wintermute“We’re eager to continue our growth and play an integral role in the U.S.market,” according to Evgeny Gaevoy, CEO of Wintermute.“As a neutral player with deep expertise in all areas of digital assets, we believe we are well-positioned to lend our expertise on Capitol Hill.”As part of the firm’s expansion, Wintermute has appointed Ron Hammond as its new head of policy and advocacy, who brings “ten years of experience shaping crypto policy on Capitol Hill,” the company also announced. Hammond was previously the senior director of government relations and institutional engagement at the Blockchain Association and the policy lead for US Representative Warren Davidson. Hammond also authored the Token Taxonomy Act of 2021, the first bipartisan-supported crypto regulatory bill in the US.
Related: Stablecoins seen as ideal fit for real-time collateral managementWintermute met with SEC Crypto Task ForceWintermute said it aims to contribute to the emerging regulatory framework in the US.“We’ve already met with the SEC Crypto Task Force and will continue offering technical input and contributing to key legislative efforts,” the company said, adding that these are “essential for continued institutional participation.” Meanwhile, crypto industry participants await progress on the Stablecoin Transparency and Accountability for a Better Ledger Economy (STABLE) Act.
Related: Coinbase faces $400M bill after insider phishing attackIncreasingly more crypto firms have expanded into the US since President Donald Trump took office on Jan.20 after winning the 2024 presidential election.
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Author / Journalist: Cointelegraph by Zoltan Vardai
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