PANews reported on May 15 that according to The Block, crypto market maker Wintermute announced that it will set up its US headquarters in Manhattan, New York on June 1, and hired former Blockchain Association policy director Ron Hammond as policy director. The CEO said that because US policies have turned to a friendlier one, the company decided to quickly deploy in the market. Hammond, who once drafted crypto regulations for lawmakers, said he would take this opportunity to promote compliance innovation and industry cooperation.