Wintermute, an London -based algorithm crypto trading and market -making firm, has opened an office in New York as part of its expansion in the US.
Wintermute announced the opening of the New York office on May 15, citing improved regulation conditions in the world’s largest economy.
“While the US takes a more lovely stance on digital assets and adoption of institutional adoption, we quickly moved to promote roots in New York City,” the company wrote in a post of May 15 X, adding that the local presence will help them in “contributing to future frameworks regulation.”
“We are eager to continue our growth and play an important role in the US market,” said Evgeny Gaevoy, CEO of Wintermute. “As a neutral player with deep expertise in all areas of digital properties, we believe we are properly positioned to lend our expertise to the Capitol Hill.”
As part of the company’s expansion, Wintermute appointed Ron Hammond as the new policy and advocacy leader, bringing “ten years of experience shaping the crypto policy to Capitol Hill,” the company announced.
Hammond is a former senior director of government relations and institutional engagement with the Blockchain Association and the US representative policy for representative Warren Davidson.
Hammond also wrote the Token Taxonomy Act of 2021The first bipartisan supported by the Crypto regulation bill in the US.
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The more crypto companies 2024 President’s election.
During his campaign, Trump signed that his administration wanted to make Crypto policy a national priority.
Somehow Eight big crypto Companies have announced their expansion in the US until this year, banking on the growing clarity of regulation. These include Binance.US, Ethoro, Okx Exchange, Nexo, Circle, Crypto.com and A16z, Cointelegraph reported on May 11.
Related: Stablecoins seen as fine fit for real-time collateral management
Wintermute met with the SEC Crypto Task Force
Wintermute said it aims to contribute to the emerging framework of the US regulation.
“We have already identified the SEC Crypto Task Force and will continue to offer technical input and contribute to major legislative efforts,” the firm said, adding that they are “important for the institution’s ongoing participation.”
Meanwhile, participants in the crypto industry are awaiting the development of stablecoin transparency and liability for a better ledger economy (stable) gesture.
The Stable Act passed the House Financial Services Committee to a 32–17 vote on April 2 and current Awaiting scheduling for debate and a floor vote in the House of Representative.
However, a second piece of Stablecoin’s basic law, the guide and establishment of national innovations for US Stablecoins, or Genius Act, initially failed to get enough support from Democrats on May 8, which motivates at least 60 Top Crypto founders To gather in Washington, DC, to show support.
Despite Stablecoin’s stationary law, “momentum towards the clarity of regulation remains active in the same room,” Nexo dispatch analyst Iliya Kalchev told cointelegraph.
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