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Treasury Secretary Scott Bessent Hires Galaxy Digital Counsel to Advise on Crypto
Tyler Williams previously served several roles in the U.S. government.
Feb 26, 2025, 6:19 p.m.
What to know:
- Treasury Secretary Scott Bessent appointed Galaxy Digital's Tyler Williams as an advisor on digital asset and blockchain policy.
- Williams, a former Deputy Assistant Secretary at the Treasury, has also worked in the Senate and House on financial regulation.
- The appointment comes as the Treasury and Commerce Departments work on creating a sovereign wealth fund, which could potentially include digital assets.
U.S. Treasury Secretary Scott Bessent named Galaxy Digital regulatory counsel Tyler Williams to advise on digital assets and blockchain technology policy.
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Williams currently serves as head of Regulatory and Legislative Affairs & Regulatory Counsel at Galaxy Digital and also lectures part-time at The George Washington University Law School.
He has previously worked with the government, most recently as Deputy Assistant Secretary at the Department of Treasury under Steven Mnuchin from 2018 to 2020 where he advised on digital assets. He also worked under Senator Thom Tillis in the U.S. Senate and under Congressmen Robert Hurt and John Boehner in the House of Representatives.
President Donald Trump signed an executive order earlier this month charging the Treasury and Commerce Departments with creating a sovereign wealth fund which he expects to be created before the end of this year.
While bitcoin has not been mentioned in relation to the fund, it could potentially be a vehicle through which the government might buy and hold the crypto.
Trump has previously proposed that the federal government hold digital currencies as part of its national reserve strategy. However, in an executive order, he only charged his crypto advisers with evaluating the creation of a digital asset reserve.
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What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
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