Aptos Labs CEO and co-founder Avery Ching has joined the U.S. Commodity Futures Trading Commission’s (CFTC) subcommittee focused on digital asset markets. In this role, Ching will serve on the Digital Asset Markets Subcommittee within the CFTC’s Global Markets Advisory Committee (GMAC).
Ching will be on the committee alongside other well-known crypto industry figures, including Polygon Labs Head of Policy Rebecca Rettig, CoinFund President Christopher Perkins, Nasdaq Vice President Tony Sio, and Franklin Templeton Senior Vice President Sandy Kaul.
The CFTC's recent increase in its supervision of digital assets and the institution's senior executives' resignation or plans to leave are interpreted as this change could pave the way for more cryptocurrency-friendly names to come into the sector.
GMAC is an advisory body created to protect the global competitiveness of U.S. 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 increase collaboration between the industry and regulators and improve digital asset regulation.
Aptos Labs said in a statement on the X platform, “Avery will contribute to the shaping of digital asset regulations together with leaders from the web3 and finance worlds.”
*This is not investment advice.
