Tyler Williams, the newly appointed crypto counselor for Treasury Secretary Scott Bessent, spoke at a digital assets event in Washington, D.C., expressing the importance of supporting Congress in developing stablecoin legislation. Williams believes that establishing a regulatory framework for stablecoins would be a significant achievement for the industry and would allow for collaboration between states, bank regulators, and ecosystem participants. Williams also mentioned that he has been in his role for a few weeks and sees his appointment as a positive sign for the crypto industry. Congressman Bryan Steil, who now leads the digital assets subcommittee, emphasized the need for the US to outcompete other countries in nurturing digital assets. Chainlink's co-founder, Sergey Nazarov, praised the productive mindset he sees in Washington. Williams acknowledged that the Treasury Department has various aspects of jurisdiction related to the crypto industry, including tax policy and money-laundering oversight, but said that the department is eager to work on these issues.



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