Wintermute, London Algorithmic Trade and Market Firma, opened an office in Up-to-date York as part of its expansion to the USA.
Wintermute announced the opening of its office in Up-to-date York on May 15, citing better regulatory conditions in the world’s largest economy.
“Because the US adopts a more friendly attitude on digital and accelerated institutional adoptions, we quickly moved to establish roots in New York,” wrote the company in the post of May 15, adding that local presence will facilitate them “contribute to future regulatory frames.”
“We are willing to continue our development and play an integral role on the American market,” according to Evgena Gaevoy, CEO of Wintermute. “As a neutral player with deep knowledge in all areas of digital resources, we believe that we are well prepared to borrow our knowledge about capitol.”
As part of the expansion of Wintermute, he appointed Ron Hammond as a modern head of politics and spokesman, who introduces “ten years of experience in shaping cryptocurrency policy on capitol”, the company also announced.
Hammond was previously a senior director of governmental relations and institutional involvement at the Blockchain Association and the policy guide of the US representative Warren Davidson.
Hammond is also the author of the Act on Taxonomy of tokens from 2021, the first bill on the regulation of cryptocurrencies in the USA.
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More and more cryptographic companies have expanded to the US since President Donald Trump took office on January 20 after winning the presidential election in 2024.
During his campaign, Trump signaled that his administration intends to make a cryptocurrency policy with a national priority, increasing the expectations of more amiable cryptocurrency regulations for the next four years.
Until now, at least eight huge cryptographic companies have announced their expansion in the United States, banking on the growing regulatory transparency. These include binance.us, Etoro, OKX Exchange, NEXO, Circto, Crypto.com and A16Z, Cointelegraph reports on May 11.
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Wintermute met with Sec Crypto Task Force
Wintermute said that it aims to contribute to the resulting regulatory framework in the USA.
“We have already met with the task group Sec Crypto and we will continue to offer a technical contribution and contribute to key legislative efforts,” said the company, adding that they are “necessary for further institutional participation.”
Meanwhile, participants of the cryptocurrency industry are waiting for progress on the transparency and responsibility of Stablecoin and responsibility for better book economy (stable).
The Stable Act was adopted by the House Financial Service Committee in 32–17 voting on April 2 and is currently waiting for planning the debate and voting in the House of Representatives.
However, the second piece of key legislation Stablecoin, the guiding and establishing national innovations for American Stablecouins or Genius Act, initially failed to get sufficient support from the Democrats on May 8, which prompted at least 60 best cryptographic founders to collect in Washington to get support.
Despite the detained legislation Stablecoin, “the rush in the direction of regulatory transparency remains active in both chambers,” said Cointelegraph, analyst NEXO Dispatch, Iliiya Kalchev.
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