US Treasury Secretary Scott Bessent has appointed Galaxy Digital executive Tyler Williams as his cryptocurrency and blockchain policy adviser.
At Galaxy Digital, he holds the position of Head of Regulatory and Legal Affairs.
Williams is considered to have extensive experience in the financial system and government agencies. He also served as Deputy Assistant Secretary of the Treasury in Steven Mnuchin's administration from 2018 to 2020, during which time he advised the government on digital asset regulation.
Industry insiders say his appointment is likely linked to two executive orders from US President Donald Trump, one of which ordered the creation of a so-called sovereign wealth fund by the end of the year.
Although the document did not directly mention Bitcoin , experts suggest that cryptocurrencies could become part of this fund, opening up the possibility for the government to officially own cryptocurrencies.
In part, the decision is evidence that US authorities are planning to expand their expertise in cryptocurrencies as they prepare to create a national wealth fund.
