Key Facts:
- Treasury Secretary Scott Bessent appointed Galaxy Digital’s Tyler Williams as an advisor on digital asset and blockchain policy.
- Williams previously held the position of Deputy Assistant Secretary at the Treasury, and has experience in Senate and House financial regulation.
- This appointment aligns with efforts by the Treasury and Commerce Departments to establish a sovereign wealth fund, potentially inclusive of digital assets.
U.S. Treasury Secretary Scott Bessent has named Tyler Williams, Galaxy Digital’s regulatory counsel, as an advisor on the formulation of policies regarding digital assets and blockchain technology.
Williams is the head of Regulatory and Legislative Affairs & Regulatory Counsel at Galaxy Digital and also serves as an adjunct professor at The George Washington University Law School.
In government roles, he advised on digital assets as Deputy Assistant Secretary at the Treasury under Steven Mnuchin from 2018 to 2020. He has also worked under Senator Thom Tillis in the Senate and Congressmen Robert Hurt and John Boehner in the House of Representatives.
President Donald Trump recently issued an executive order directing the Treasury and Commerce Departments to set up a sovereign wealth fund expected to be created before the year’s end.
While bitcoin has not been explicitly mentioned in relation to this fund, it could be a future option for government acquisition and storage.
Trump earlier proposed holding digital currencies as part of the national reserve strategy, but directed his advisers to assess the possibility of creating a digital asset reserve.
