London-based Elgorithm Crypto Trading and Market-Making firm, Wintemut, have opened an office in New York as part of its expansion in the US.
Wintermute announced the inauguration of its New York office on 15 May, citing better regulatory situations in the world’s largest economy.
The company wrote in the May 15 X post, “As the US takes a friendly stance on digital assets and institutional adoptions, we went quickly to install roots in New York City,”
“We are eager to continue our growth and play an integral role in the American market,” according to Vinarmute CEO Evageni Gavoy. “As a neutral player with deep expertise in all areas of digital assets, we believe that we are well deployed to lend our expertise on Capital Hill.”
As part of the expansion of the firm, Vermute has appointed Ron Hammond as the new head of policy and advocacy, which “brings ten years experience of shaping the Crypto policy on Capital Hill”, the company also announced.
Hammond was a policy lead for Warren Davidson, senior director and American representative of government relations and institutional engagement in the first Blockchain Association.
Hammond also wrote Token taxonomy act 2021The first bilateral -backed Crypto regulator Bill in the US.
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More crypto firms have expanded in America since President Donald Trump won after winning on January 20. 2024 presidential election,
During his campaign, Trump indicated that he intends to create his administration Crypto policy is a national priorityExpectations for Crypto rules for more innovation for the next four years.
at least Eight big crypto The firms have announced their expansion in the US so far this year, banking on growing regulator clarity. These include binance.us, Etoro, Okx Exchange, Nexo, Circle, Crypto.com and A16z, Cointelegraph on 11 May.
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Wintermute Sec found with Crypto Task Force
Wintermute said that its purpose is to contribute to the emerging regulatory structure in the US.
The company said, “We have already met with the SEC Crypto Task Force and will continue to offer technical inputs and are contributing to major legislative efforts,” saying that they are “essential for institutional institutional participation, saying that they are essential.”
Meanwhile, participants of the Crypto industry a better laser economy (Stable) Act waits for progress on transparency and accountability.
The Station Act passed the House Financial Services Committee in 32-17 votes on April 2 and currently 32-17 votes Waiting for scheduling for debate And one floor vote in the House of Representatives.
However, the establishment of a second piece of major stabelcoin law, guide and national innovation for the American Stabelin, or Genius Act, was initially failed. To get adequate support From Democrats on 8 May, at least 60 signs Top crypto founder Washington to gather in DC to show support.
Nexo dispatch analyst Ilya Kalchev told cointelegraph, “Despite the stopped stabelcoin law, the speed towards regulator clarity is active. ,
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