Key Points:
- Tyler Williams quickly conveyed an encouraging message to the crypto sector after assuming his role in the Treasury.
- He and Rep. Bryan Steil acknowledged the significance of enacting stablecoin legislation.
Washington, D.C. — Shortly after being introduced as the crypto counselor for Treasury Secretary Scott Bessent, Tyler Williams spoke at a private digital assets conference in Washington, D.C., expressing that the push to establish stablecoin legislation is a vital first step.
“Let’s be as supportive as we can to our friends in Congress,” Williams urged event participants, suggesting that formalizing dollar-backed tokens legally is a strong case for industry representatives in Washington to advocate. “Creating a regulatory framework that accommodates states, bank regulators, and all market participants is a commendable goal for D.C.”
Meanwhile, Williams, who joined as a regulatory advisor after his tenure at Galaxy Digital, noted that he has been acclimatizing to his duties for several weeks, suggesting this employment is a positive sign for the crypto sector.
Rep. Bryan Steil, leading the digital assets subcommittee, stated, “We have truly progressed.”
He emphasized the necessity for the U.S. to maintain a competitive edge in the global digital assets market, expecting continued bipartisan collaboration similar to the prior crypto legislative efforts.
This sentiment was welcomed by Chainlink’s co-founder, Sergey Nazarov, who noted the emerging productive mindset in governmental discussions.
Williams also referenced previous efforts led by David Sacks, the crypto czar appointed during the Trump administration, asserting, “I witness all the elements aligning towards enhancing the U.S.’s position on digital matters.”
Read More: Stablecoins Take Center Stage at Senate’s First Digital Assets Subcommittee Hearing
