Wintermute opens New York office: Crypto future is gaining momentum!
Wintermute expands into the US as the SEC plans four crypto regulation roundtables. New opportunities in the industry!
Wintermute opens New York office: Crypto future is gaining momentum!
Wintermute, a leader in algorithmic crypto trading and market making, recently announced the opening of a new office in New York. This expansion into the US is supported by improved regulatory frameworks and increasing institutional acceptance of digital assets. CEO Evgeny Gaevoy expressed that the company aims to bring its expertise to the US and actively participate in shaping the regulatory framework. As part of this initiative, Wintermute has tapped Ron Hammond as its new head of policy and advocacy, who has a decade of experience in crypto policy. He previously worked at the Blockchain Association and worked on the Token Taxonomy Act of 2021.
The opening of the office comes at a time when many crypto companies are also planning to expand into the US. Since President Donald Trump's inauguration in 2024, at least eight major crypto firms, including Binance.US, eToro and Circle, have announced their plans for expansion and are relying on regulatory clarity to expand their businesses. Wintermute has already held discussions with the SEC Crypto Task Force and plans to provide technical input as well as participate in legislative processes. Despite the challenges in passing stablecoin legislation, momentum toward regulatory clarity remains active in the U.S. Congress. Analysts expect that regulatory progress will continue to support the innovation and growth of the crypto industry in the coming years.
SEC Regulatory Initiatives
The individual roundtables are scheduled as follows: The first roundtable took place on April 11th on the regulation of crypto trading, followed by a second on April 25th which dealt with crypto custody. The third roundtable, held on May 12th, focused on the tokenization of traditional assets on the blockchain, while the fourth roundtable on June 6th will highlight the discussion on DeFi and the American principles of innovation. This initiative is intended to enable stakeholders to proactively shape policy and further develop the regulatory landscape in the crypto space.
The upcoming developments and discussions in the roundtables, as well as the aggressive expansion of companies like Wintermute, show that the crypto industry in the US is on a promising path, characterized by increasing clarity in the regulatory framework.