Aptos Labs CEO Joins CFTC Digital Asset Committee
Avery Ching, CEO and co-founder of Aptos Labs, has become a member of the CFTC's Digital Asset Markets Subcommittee. This group is part of the broader Global Markets Advisory Committee, which includes leaders from both crypto and traditional finance sectors, such as Polygon Labs' Rebecca Rettig and CoinFund's Christopher Perkins. Ching's involvement comes amid a period of change at the CFTC, with new leadership potentially more favorable to cryptocurrency. The committee helps maintain the competitiveness of U.S. markets and includes subcommittees for global markets, digital assets, and technical issues. In March 2024, it helped define terms for central bank digital currencies and stablecoins, promoting regulatory clarity. Aptos Labs is known for developing the Aptos blockchain, designed for scalable and user-friendly decentralized applications. As of now, its token APT shows significant trading activity and market capitalization.
FAQ
❓ What is Avery Ching's role at CFTC?
Avery Ching has joined the CFTC's Digital Asset Markets Subcommittee to influence digital asset regulations.
❓ What does the CFTC's Digital Asset Markets Subcommittee focus on?
It focuses on supporting digital asset regulation and enhancing collaboration between industry participants and regulators.
❓ What does Aptos Labs specialize in?
Aptos Labs specializes in developing the Aptos blockchain for scalable, decentralized applications and smart contracts.