Appointment of Tyler Williams as Digital Assets Advisor

The Secretary of the U.S. Department of Treasury, Scott Bessent, has reportedly appointed Tyler Williams, the head of Regulatory and Legislative Affairs and regulatory Counsel at Galaxy Digital, to advise on digital assets and blockchain policies. Williams previously held the position of deputy assistant treasury secretary under Steven Mnuchin.

Williams has also managed financial regulation in the House of Representatives and Senate under Senator Thom Tillis and Congressmen John Boehner and Robert Hurt. He holds a BA in Economics from Kenyon College and a graduate law degree from George Washington University School of Law, where he also lectures part-time.

Williams will collaborate with Bessent as part of the U.S. government departments mandated by the president to explore comprehensive crypto regulatory frameworks. In his executive order to bolster digital asset technology, President Trump instructed the Treasury to work alongside the crypto-focused Working Group to establish regulatory clarity around digital assets. Trump also ordered measures to prevent crypto use in illegal activities, balance regulations, and ensure national security.

In January, the Senate confirmed Scott Bessent as the successor to Janet Yellen as the new Treasury Secretary after a 68-29 vote. Bessent, who has experience in hedge fund management, previously served as Trump’s advisor. During Senate hearings, he affirmed that digital assets were ‘here to stay’ and championed them as a means of financial freedom, while opposing CBDCs as unnecessary.

The Bessent Appointments and Trump Directives

The Bessent appointments follow several Trump directives regarding digital asset development. At the beginning of the month, Trump signed an executive order directing the Treasury and Commerce departments to create a sovereign wealth fund to enhance the country’s long-term financial health.

The plan must be submitted to Trump within 90 days and will include governance strategies, funding mechanisms, structure, and investment options. Trump also commanded his administration to investigate the creation of a national strategic Bitcoin reserve to place the U.S. ahead of competitors like China and Russia, although this was not included in executive orders related to digital asset technology.

An NBC report speculated that this order suggested Trump’s commitment to the crypto community. Senator Elizabeth Warren is also evaluating a BTC reserve at the federal level, with over 33 states exploring Bitcoin reserve legislation.

Tyler Williams at a DC Invite-Only Event

> At an invite-only event in DC hosted by @chainlink @DigitalChamber and @kai_meta
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> Tyler Williams appointed to advise on digital assets and blockchain technology policy under the Treasury Secretary, said:
> “We are excited to have a refreshed view from the government. Lots of… pic.twitter.com/zBCMv1x1sx
>
> — Anastasia Golovina (@stasia_bk) February 26, 2025

At the invite-only event in DC, Williams commented on developments in crypto and expressed eagerness for the government’s new perspective on digital assets. He mentioned the Trump administration’s interest in leveraging digital assets to enhance the U.S. economy and highlighted the country’s strong regulatory position, suggesting that the U.S. could adapt to stablecoin regulations despite the rapid growth of that asset class.