Wintermute, a London-based algorithmic crypto trading and market-making firm, has opened an office in New York

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.

London-based algorithmic crypto trading and market-making firm Wintermute has opened an office in New York as part of its expansion into the U.S.

Wintermute announced the opening of its New York office on May 15, citing improved regulatory conditions in the world’s largest economy.

“As the U.S. 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. 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,” said Evgeny Gaevoy, CEO of Wintermute.

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 U.S. Representative Warren Davidson.

Hammond also authored the Token Taxonomy Act of 2021, the first bipartisan-supported crypto regulatory bill in the U.S.

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Earlier this year, several crypto firms expanded into the U.S. following President Donald Trump’s win in 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, according to a May 11 report by Cointelegraph.

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Wintermute met with SEC Crypto Task Force

Wintermute said it aims to contribute to the emerging regulatory framework in the U.S.

“We’ve already met with the SEC Crypto Task Force and will continue offering technical input and contributing to key legislative efforts,” the firm stated, 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.