PANews reported on February 27 that according to CoinDesk, U.S. Treasury Secretary Scott Bessent has appointed Galaxy Digital regulatory adviser Tyler Williams as its digital asset and blockchain policy adviser.

Williams served as Deputy Assistant Secretary of the Treasury from 2018 to 2020, focusing on digital asset regulation, and has worked on financial regulations in the Senate and House of Representatives. The appointment comes as the Treasury and Commerce Departments advance the creation of a sovereign wealth fund that may involve digital assets.

U.S. President Trump signed an executive order earlier this month requiring the Treasury and Commerce departments to study the establishment of digital asset reserves. Although Bitcoin has not been explicitly mentioned, the government may include it as part of the national reserve strategy.