The encryption market maker Wintermute has established its U.S. headquarters in New York and appointed a policy expert.

On May 15, crypto market maker Wintermute announced that it would open its first U.S. headquarters in Lower Manhattan, New York, on June 1, according to The Block. At the same time, the company appointed policy veteran Ron Hammond as Head of Policy & Advocacy. Hammond previously served as Senior Director of Government Relations at the Blockchain Association and was involved in the development of several crypto industry regulatory bills.

Evgeny Gaevoy, CEO of Wintermute, said: "As U.S. policies toward digital assets and blockchain innovation become more friendly, we have decided to move quickly to establish a foothold in New York City, the financial capital of the world. The move comes amid the Trump administration's supportive approach to the crypto industry, including the appointment of the head of a crypto-friendly regulator.