Washington, DC – A few hours after the announcement that he had begun as a cryptographic advisor of Treasury Secretary Scott Besent, the former digital lawyer of Galaxy Tyler Williams was heading to a private event of digital assets in Washington, DC, and told the crowd that helping the legislation of state networks in the entire line of objectives is a worthy opening effort.
“Be the best of what we can for our friends in Congress” who are working on Stablecoin’s policy, Williams advised those attending the event lodged in chain, arguing that obtaining those tokens called dollars in the legal balance would be “a very good use case” so that the industry allies in Washington impose it. “If we can put a regulatory wrapping around you in a way that allows bank regulators and all ecosystems to live in the same rules book to be an issuer, I think it is a fairly good result for DC”
Meanwhile, Williams, who worked as a regulatory lawyer for Galaxy, said he had actually been on paper for a few weeks and said that “the fact that I have a job in the United States Treasury department” is an excellent signal for the industry.
Representative Bryan Steil, Wisconsin’s Republican who is now in charge of the Digital Assets Subcommittee in the Financial Services Committee of the House of Representatives, said in the same Wednesday night event that “we have really put a corner.”
The legislator said that the United States needs to “overcome the rest of the world” about promoting digital assets, and predicted the bipartisan energy that saw dozens of Democrats to support the market structure legislation of the last session, financial innovation and technology for the law of the 21st century (FIT21), “will continue to grow.”
That was a feeling welcome to the co -founder of Chainlink, Sergey Nazarov, who said he is seeing a “very productive mentality” in Washington.
Williams made reference to the work directed by David Sacks, the cryptographic tsar designated by President Donald Trump, and he said: “I see all the pieces of the puzzle that move in one direction, which is to advance to the leadership of the United States on digital issues.”
Although he pointed out that agencies such as the stock exchange and securities commission and the Basic Future Commission of Basic Products have already moved new initiatives, he said “we have our full hands” within his department.
Many aspects of the jurisdiction of the Treasury are found in the industry, including fiscal policy, sanctions, money laundering supervision and the Financial Crime Control Network (FINCEN), he said, but a team is “anxious to work on this issue.”
“I think they are excited about the possibility of having a renewed opinion of the government,” said Williams, who is marking his second period in the department, after working there during Trump’s first mandate.
Read more: Stablecoins occupies the center of the stage at the first hearing of the Senate Digital Assets Subcommittee
