A Strategic Appointment for U.S. Crypto Regulation
In a significant move for crypto regulatory collaboration, Avery Ching, CEO and co-founder of Aptos Labs, has joined the Commodity Futures Trading Commission (CFTC) Digital Asset Markets Subcommittee. This appointment highlights the growing effort to bridge the gap between blockchain innovators and U.S. regulators.
Part of the CFTC’s Global Markets Advisory Committee (GMAC)
Ching joins a lineup of key industry figures, including:
- Rebecca Rettig, Head of Policy at Polygon Labs
- Christopher Perkins, President of CoinFund
- Tony Sio, Vice President at Nasdaq
- Sandy Kaul, Senior VP at Franklin Templeton
These leaders will collaborate within the Digital Asset Markets Subcommittee, a branch of the CFTC’s Global Markets Advisory Committee (GMAC). The GMAC’s mission is to enhance the global competitiveness of U.S. markets, with a focus on digital asset regulation, market structure, and technology innovation.
“Avery will collaborate with other leaders from Web3 and financial services to help shape digital asset regulations,” Aptos Labs stated on X.
CFTC’s Growing Role in Crypto Oversight
This appointment comes as the CFTC’s role in cryptocurrency oversight expands, especially with leadership transitions that could introduce more crypto-friendly policies. The Digital Asset Markets Subcommittee aims to:
- Standardize digital asset terminology
- Advise on central bank digital currencies (CBDCs) and stablecoins
- Improve regulatory clarity
- Foster industry-regulator collaboration
All three CFTC GMAC subcommittees were originally formed in February 2023, under the leadership of Commissioner Caroline Pham.
About Aptos Labs and APT Token
Aptos Labs is the core developer of the Aptos Layer 1 blockchain, designed to offer a scalable and developer-friendly foundation for decentralized applications and smart contracts.
- The native token APT was trading at $4.79, with $200 million in daily trading volume.
- APT has a market capitalization of $3.1 billion, making it a leading Layer 1 asset.
Bridging Blockchain Innovation and U.S. Regulation
Avery Ching’s inclusion in the CFTC Digital Asset Subcommittee is a meaningful step toward integrating blockchain innovation into the U.S. financial regulatory framework. As crypto adoption expands, collaborations between Web3 leaders and policymakers will be essential to shaping sustainable and compliant growth in the digital asset sector.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.