Wintermute Embraces US Crypto Landscape
Wintermute, a prominent London-based algorithmic crypto trading and market-making firm, has announced the opening of its first US office in New York City. This strategic move comes on the heels of positive developments in the US crypto regulatory landscape, a trend attracting numerous crypto companies to the world’s largest economy.
In a May 15 post on X, Wintermute expressed its enthusiasm for establishing a presence in New York, highlighting the US government’s increasingly friendly stance toward digital assets and the rapid growth of institutional adoption. “As the US takes a friendlier stance on digital assets and institutional adoption accelerates, we moved quickly to establish roots in New York City,” the company declared. The firm believes that its local presence will allow it to actively contribute to the future regulatory framework.
Building Bridges and Shaping Policy
Evgeny Gaevoy, CEO of Wintermute, underscored the company’s commitment to contributing to the US market’s growth. “We’re eager to continue our growth and play an integral role in the U.S. market,” Gaevoy stated. “As a neutral player with deep expertise in all areas of digital assets, we believe we are well-positioned to lend our expertise on Capitol Hill.”
To further solidify its presence and influence in the US policy arena, Wintermute has appointed Ron Hammond as its new head of policy and advocacy. Hammond boasts ten years of experience shaping crypto policy on Capitol Hill, having served as the senior director of government relations and institutional engagement at the Blockchain Association and the policy lead for US Representative Warren Davidson. Notably, Hammond is also the author of the Token Taxonomy Act of 2021, a bipartisan-supported crypto regulatory bill that marked a significant milestone in US crypto policy.
Riding the Wave of Regulatory Clarity
Wintermute‘s move into the US reflects a broader trend of crypto firms expanding their operations in the country, encouraged by the growing regulatory clarity under President Donald Trump’s administration. This year alone, at least eight prominent crypto companies, including Binance.US, eToro, OKX exchange, Nexo, Circle, Crypto.com, and a16z, have announced their expansion into the US market.
Wintermute has already engaged with the SEC Crypto Task Force and plans to continue providing technical input and contributing to key legislative efforts, recognizing their importance for sustained institutional participation in the crypto space. This proactive approach aligns with the company’s commitment to supporting the development of a robust and transparent regulatory framework.
Navigating the Stablecoin Landscape
The crypto industry is eagerly awaiting progress on key stablecoin legislation, specifically the Stablecoin Transparency and Accountability for a Better Ledger Economy (STABLE) Act and the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act. The STABLE Act cleared the House Financial Services Committee in April, while the GENIUS Act faced initial setbacks in May. Despite these hurdles, there’s a consensus among industry experts that momentum toward regulatory clarity remains strong in both chambers of Congress.
