Tyler Williams Appointed As Advisor On Digital Assets Policy

According to CoinDesk, U.S. Treasury Secretary Scott Bessent has appointed Tyler Williams, Galaxy Digital's regulatory counsel, to provide guidance on digital assets and blockchain technology policy. Williams, who currently leads Regulatory and Legislative Affairs at Galaxy Digital, also serves as a part-time lecturer at The George Washington University Law School. Williams brings a wealth of experience from his previous roles in government, including his tenure as Deputy Assistant Secretary at the Department of Treasury under Steven Mnuchin from 2018 to 2020, where he advised on digital assets. His career also includes positions under Senator Thom Tillis in the U.S. Senate and Congressmen Robert Hurt and John Boehner in the House of Representatives. In related developments, U.S. President Donald Trump recently signed an executive order directing the Treasury and Commerce Departments to establish a sovereign wealth fund, with expectations for its creation by the end of the year. Although bitcoin (BTC) has not been explicitly mentioned in connection with the fund, there is speculation that it could serve as a means for the government to acquire and hold cryptocurrency. President Trump has previously suggested that the federal government should consider holding digital currencies as part of its national reserve strategy. However, his recent executive order only tasked his crypto advisers with assessing the feasibility of establishing a digital asset reserve.