Galaxy’s senior executive becomes an advisor to the US Treasury Department on cryptocurrencies
Tyler Williams previously held several positions in the US government
27.02.2025 - 09:55
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What’s new? US Treasury Department Secretary Scott Bessent has appointed Tyler Williams of crypto investment firm Galaxy Digital as a digital asset and blockchain policy advisor. Williams, a former deputy assistant secretary at the Treasury Department, also previously worked in the Senate and House of Representatives on financial regulatory issues.
What else is known? The appointment follows news that the Department of Treasury and the Department of Commerce, under an executive order from President Donald Trump, have begun work on creating a sovereign wealth fund that could potentially include digital assets. The fund is expected to be in place by the end of this year.
Williams currently serves as head of Regulatory and Legislative Affairs & Regulatory Counsel at Galaxy Digital and teaches part-time at George Washington University Law School.
He previously served as deputy assistant secretary at the Treasury Department under Steven Mnuchin from 2018 to 2020, where he advised on issues related to digital assets. He also worked under Senator Thom Tillis in the US Senate and Congressmen Robert Hurt and John Boehner in the House of Representatives.
Coinbase has added four former US officials to its global board of advisors
The exchange’s team already includes several politicians from both parties
Galaxy Digital, in partnership with Invesco, manages a spot bitcoin exchange-traded fund (ETF) called the Invesco Galaxy Bitcoin ETF (ticker BTCO). Since its launch last January, the product has raised $183,32 million and accumulated $531 million in assets.
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