Aptos CEO Joins CFTC’s Digital Asset Panel: A New Era for Crypto Regulation
Avery Ching, the co-founder and CEO of Aptos, has been appointed to the CFTC’s Digital Asset Markets Subcommittee. This move marks a meaningful shift in how crypto regulation is shaped.
Ching’s appointment comes at a crucial time. The SEC has been strict with its enforcement, but the CFTC is taking a more flexible approach.By including Ching, a technologist with deep blockchain experience, the CFTC gains valuable insights into the technical side of crypto.
Ching’s background is unique. He was a principal engineer at Meta’s Diem project, dealing with regulatory challenges firsthand. This experience will help bridge the gap between crypto innovators and traditional finance.
Aptos has already made regulatory strides. It was named the top blockchain candidate for Wyoming’s WYST, a fiat-backed stablecoin.Bitwise also filed an amendment for an Aptos-linked ETF, showing growing institutional interest.
Ching will work with other industry leaders, like Nasdaq’s Tony sio, to shape policies on stablecoins and CBDCs. His input could influence how regulators view blockchain-based financial tools.
Aptos has quietly achieved regulatory milestones. It was chosen for Wyoming’s WYST, the first state-issued fiat-backed stablecoin. An amended filing for an Aptos-linked ETF by Bitwise further highlights its growing relevance.
With Ching’s appointment, Aptos is poised to play a key role in shaping the future of crypto regulation.
