Munzir HakimiTable of Contents
New Beginnings
Wintermute, a London-based algorithmic trading firm, has expanded its operations by opening a new office in New York.This move is part of their strategy to tap into the growing U.S. market amid favorable regulatory changes for digital assets.
The company announced this growth on May 15, highlighting the importance of establishing a local presence to contribute to future regulations. CEO Evgeny Gaevoy expressed enthusiasm about Wintermute’s role in shaping crypto policy in the U.S.
Expansion and Leadership
- new office: Wintermute’s New York office aims to enhance its influence in the U.S. market.
- Leadership Appointment: Ron Hammond has been appointed as head of policy and advocacy, bringing extensive experiance from his previous roles.
Hammond’s background includes significant contributions to crypto legislation, including authoring the Token taxonomy Act of 2021.His expertise will be crucial as Wintermute navigates regulatory landscapes.
Regulatory Engagement
Wintermute is actively engaging with regulators, having met with the SEC Crypto Task Force. The firm aims to provide technical input on legislative efforts that are vital for institutional participation in crypto markets.
Despite some stalled legislation like the GENIUS Act, there remains momentum towards clearer regulations for stablecoins and digital assets overall.
Final Thoughts
As Wintermute establishes itself in New York, it reflects broader trends within the crypto industry where firms are increasingly seeking opportunities within a more welcoming regulatory environment under recent political shifts.
