Wintermute Expands to NYC
Wintermute Opens New York Office Amidst Improving US Crypto Regulations
London-based algorithmic trading firm, Wintermute, has established a new office in New York City. This strategic expansion reflects the company's positive outlook on the evolving regulatory landscape in the United States and the growing institutional interest in digital assets.
The announcement, made on May 15th, highlights Wintermute's commitment to contributing to the development of a robust regulatory framework within the US crypto market. Their X post emphasized the increasingly favorable climate for digital assets and institutional adoption as a key driver behind the decision.
Evgeny Gaevoy, CEO of Wintermute, stated, "We’re eager to continue our growth and play an integral role in the U.S. market. As a neutral player with deep expertise, we are well-positioned to share our expertise on Capitol Hill."
Key Personnel and Policy Focus
To further solidify its presence and influence, Wintermute appointed Ron Hammond as Head of Policy and Advocacy. Hammond brings ten years of experience shaping crypto policy on Capitol Hill, including his previous role at the Blockchain Association and as policy lead for US Representative Warren Davidson. He is also the author of the Token Taxonomy Act of 2021, the first bipartisan crypto regulatory bill in the US.
Engagement with US Regulators
Wintermute has already engaged with the SEC Crypto Task Force, signaling its proactive approach to regulatory compliance and collaboration. The firm intends to continue providing technical input and participating in key legislative efforts, viewing these as crucial for sustained institutional involvement in the US crypto market.
Ongoing Regulatory Developments
The crypto industry is keenly awaiting developments on several key pieces of legislation, including the STABLE Act (Stablecoin Transparency and Accountability for a Better Ledger Economy Act) and the GENIUS Act (Guiding and Establishing National Innovation for US Stablecoins). While the STABLE Act passed the House Financial Services Committee, the GENIUS Act failed to secure enough support initially. Despite these setbacks, industry analysts perceive a continuing push toward regulatory clarity.
US Crypto Market Expansion
Wintermute's move to New York follows a broader trend of crypto firms expanding into the US market. At least eight major firms have announced US expansions this year, driven by increasing regulatory clarity and the potential of the US market. This expansion highlights the growing confidence in the future of the US crypto industry.
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