Wintermute opens New York office, citing improved US crypto rules

Wintermute, a London-based algorithmic crypto trading and market-making firm, has opened an office in New York as part of its expansion into the US.
Wintermute announced the opening of its New York office on May 15, citing improved regulatory conditions in the world’s largest economy.
“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 wrote in a May 15 X post, adding that the local presence will help them in “contributing to the future regulatory framework.”
“We’re eager to continue our growth and play an integral role in the U.S. market,” according to Evgeny Gaevoy, CEO of Wintermute. “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.”
As part of the firm’s expansion, Wintermute has appointed Ron Hammond as its new head of policy and advocacy, who brings “ten years of experience shaping crypto policy on Capitol Hill,” the company also announced.
Hammond was previously the senior director of government relations and institutional engagement at the Blockchain Association and the policy lead for US Representative Warren Davidson.
Hammond also authored the Token Taxonomy Act of 2021, the first bipartisan-supported crypto regulatory bill in the US.
Related: Coinbase faces $400M bill after insider phishing attack
Increasingly more crypto firms have expanded into the US since President Donald Trump took office on Jan. 20 after winning the 2024 presidential election.
During his campaign, Trump signaled that his administration intends to make crypto policy a national priority, bolstering expectations for more innovation-friendly crypto regulations for the next four years.
At least eight large crypto firms have announced their expansion in the US so far this year, banking on growing regulatory clarity. These include Binance.US, eToro, OKX exchange, Nexo, Circle, Crypto.com and a16z, Cointelegraph reported on May 11.
Related: Stablecoins seen as ideal fit for real-time collateral management
Wintermute met with SEC Crypto Task Force
Wintermute said it aims to contribute to the emerging regulatory framework in the US.
“We’ve already met with the SEC Crypto Task Force and will continue offering technical input and contributing to key legislative efforts,” the company said, adding that these are “essential for continued institutional participation.”
Meanwhile, crypto industry participants await progress on the Stablecoin Transparency and Accountability for a Better Ledger Economy (STABLE) Act.
The STABLE Act passed the House Financial Services Committee in a 32–17 vote on April 2 and currently awaits scheduling for debate and a floor vote in the House of Representatives.
However, a second piece of key stablecoin legislation, the Guiding and Establishing National Innovation for US Stablecoins, or GENIUS Act, initially failed to garner enough support from Democrats on May 8, prompting at least 60 top crypto founders to gather in Washington, DC, to show support.
Despite the stalled stablecoin legislation, “momentum toward regulatory clarity remains active in both chambers,” Nexo dispatch analyst Iliya Kalchev told Cointelegraph.
Magazine: Bitcoin to $1M ‘by 2029,’ CIA tips its hat to Bitcoin: Hodler’s Digest, April 27 – May 3
Bitcoin (BTC) $ 117,060.00
Ethereum (ETH) $ 2,987.45
XRP (XRP) $ 2.86
Tether (USDT) $ 0.999911
BNB (BNB) $ 681.75
Solana (SOL) $ 160.58
USDC (USDC) $ 0.999879
Dogecoin (DOGE) $ 0.191969
TRON (TRX) $ 0.299356
Lido Staked Ether (STETH) $ 2,983.99
Cardano (ADA) $ 0.724804
Hyperliquid (HYPE) $ 48.09
Wrapped Bitcoin (WBTC) $ 116,783.00
Stellar (XLM) $ 0.446022
Sui (SUI) $ 3.91
Wrapped stETH (WSTETH) $ 3,608.73
Chainlink (LINK) $ 15.47
Hedera (HBAR) $ 0.232005
Bitcoin Cash (BCH) $ 490.18
Avalanche (AVAX) $ 20.86
LEO Token (LEO) $ 9.00
Wrapped eETH (WEETH) $ 3,201.93
Shiba Inu (SHIB) $ 0.000013
Toncoin (TON) $ 2.98
WETH (WETH) $ 2,987.94
Litecoin (LTC) $ 92.91
USDS (USDS) $ 0.999790
Binance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 0.999939
WhiteBIT Coin (WBT) $ 45.45
Monero (XMR) $ 339.82
Polkadot (DOT) $ 3.89
Coinbase Wrapped BTC (CBBTC) $ 117,106.00
Uniswap (UNI) $ 9.01
Ethena USDe (USDE) $ 1.00
Pepe (PEPE) $ 0.000012
Bitget Token (BGB) $ 4.36
Aave (AAVE) $ 315.65
Bittensor (TAO) $ 419.24
Dai (DAI) $ 0.999995
Pi Network (PI) $ 0.452656
Cronos (CRO) $ 0.104395
Aptos (APT) $ 4.89
NEAR Protocol (NEAR) $ 2.53
Ethena Staked USDe (SUSDE) $ 1.18
Internet Computer (ICP) $ 5.31
Ondo (ONDO) $ 0.898313
BlackRock USD Institutional Digital Liquidity Fund (BUIDL) $ 1.00
OKB (OKB) $ 47.10
Jito Staked SOL (JITOSOL) $ 195.07
Ethereum Classic (ETC) $ 18.07
Mantle (MNT) $ 0.715863
Algorand (ALGO) $ 0.274756
Bonk (BONK) $ 0.000030
Kaspa (KAS) $ 0.084145
USD1 (USD1) $ 0.999874
Pump.fun (PUMP) $ 0.006052
Ethena (ENA) $ 0.331156
VeChain (VET) $ 0.024012
Cosmos Hub (ATOM) $ 4.49
POL (ex-MATIC) (POL) $ 0.224435
Sei (SEI) $ 0.348741
Arbitrum (ARB) $ 0.403592
sUSDS (SUSDS) $ 1.06
Fasttoken (FTN) $ 4.51
Render (RENDER) $ 3.71
Pudgy Penguins (PENGU) $ 0.029578
Gate (GT) $ 15.63
Official Trump (TRUMP) $ 9.16
Binance-Peg WETH (WETH) $ 2,987.59
Artificial Superintelligence Alliance (FET) $ 0.693087
Worldcoin (WLD) $ 1.02
Filecoin (FIL) $ 2.52
Lombard Staked BTC (LBTC) $ 116,759.00
Sky (SKY) $ 0.077447
Quant (QNT) $ 109.98
Binance Staked SOL (BNSOL) $ 170.50
Jupiter Perpetuals Liquidity Provider Token (JLP) $ 4.71
KuCoin (KCS) $ 11.50
Jupiter (JUP) $ 0.487052
First Digital USD (FDUSD) $ 0.997886
USDtb (USDTB) $ 0.999631
Kelp DAO Restaked ETH (RSETH) $ 3,132.63
SPX6900 (SPX) $ 1.51
Rocket Pool ETH (RETH) $ 3,405.21
USDT0 (USDT0) $ 1.00
Celestia (TIA) $ 1.84
NEXO (NEXO) $ 1.29
Fartcoin (FARTCOIN) $ 1.27
Story (IP) $ 4.31
XDC Network (XDC) $ 0.074177
Injective (INJ) $ 12.29
Flare (FLR) $ 0.017116
Stacks (STX) $ 0.770659
Optimism (OP) $ 0.649432
Mantle Staked Ether (METH) $ 3,202.50
StakeWise Staked ETH (OSETH) $ 3,139.64
Solv Protocol BTC (SOLVBTC) $ 117,026.00
Sonic (S) $ 0.342647
Polygon Bridged USDT (Polygon) (USDT) $ 0.999996
Virtuals Protocol (VIRTUAL) $ 1.64