Treasury Secretary Scott Bessent Hires Galaxy Digital Counsel to Advise on Crypto

3 months ago

U.S. Treasury Secretary Scott Bessent named Galaxy Digital regulatory counsel Tyler Williams to counsel connected integer assets and blockchain exertion policy.

Williams presently serves arsenic caput of Regulatory and Legislative Affairs & Regulatory Counsel astatine Galaxy Digital and besides lectures part-time astatine The George Washington University Law School.

He has antecedently worked with the government, astir precocious arsenic Deputy Assistant Secretary astatine the Department of Treasury nether Steven Mnuchin from 2018 to 2020 wherever helium advised connected integer assets. He besides worked nether Senator Thom Tillis successful the U.S. Senate and nether Congressmen Robert Hurt and John Boehner successful the House of Representatives.

President Donald Trump signed an enforcement order earlier this period charging the Treasury and Commerce Departments with creating a sovereign wealthiness money which helium expects to beryllium created earlier the extremity of this year.

While bitcoin (BTC) has not been mentioned successful narration to the fund, it could perchance beryllium a conveyance done which the authorities mightiness bargain and clasp the crypto.

Trump has antecedently proposed that the national authorities clasp integer currencies arsenic portion of its nationalist reserve strategy. However, successful an enforcement order, helium lone charged his crypto advisers with evaluating the instauration of a integer plus reserve.

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