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The Founder and CEO of this Altcoin will be part of the US Government's Cryptocurrency Committee!
Avery Ching, CEO and co-founder of Aptos Labs, joined the subcommittee focused on digital asset markets of the U.S. Commodity Futures Trading Commission (CFTC). Along with this role, Ching will serve on the Digital Asset Markets Subcommittee under the umbrella of the CFTC's Global Markets Advisory Committee (GMAC).
Ching will be part of the committee alongside recognized names in the crypto sector. These include Polygon Labs Policy Chief Rebecca Rettig, CoinFund President Christopher Perkins, Nasdaq Vice President Tony Sio, and Franklin Templeton Senior Vice President Sandy Kaul.
The recent increase in the CFTC's oversight of digital assets and the resignation or planned departure of the institution's senior executives is interpreted as possibly paving the way for more crypto-friendly figures to enter the sector.
GMAC is an advisory structure established to maintain the global competitive strength of the US markets and consists of three subcommittees: global market structures, digital asset markets, and technical issues. According to the CFTC, the digital assets subcommittee aims to enhance collaboration between the sector and regulators and to improve digital asset regulations.
Aptos Labs, in a statement made through the X platform, stated that "Avery will contribute to shaping digital asset regulations alongside leaders from the web3 and finance worlds."
*It is not investment advice.
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