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CFTC Appoints Aptos Labs CEO Avery Ching to Digital Asset Market Subcommittee

Avery Ching’s appointment to the CFTC’s advisory committee highlights the growing influence of Web3 builders in global regulatory discussions on digital assets.

APT

Summary

CFTC Acting Chairman Caroline D. Pham announced that Avery Ching, co-founder and CEO of Aptos Labs, has joined the Digital Asset Market Subcommittee of the Global Markets Advisory Committee (GMAC). This committee influences U.S. regulatory policy and international digital asset discussions. Ching’s appointment underscores the increasing participation of Web3 experts in shaping digital asset regulations.

Terms & Concepts
  • Digital Asset Market Subcommittee: A specialized group within the CFTC's Global Markets Advisory Committee focused on policy and regulation impacting digital assets.
  • Blockchain Infrastructure: The foundational technology and systems supporting the creation and operation of blockchain networks, enabling secure and decentralized digital transactions.
  • Diem Project: A blockchain-based payment system developed by Meta, aimed at enabling fast and low-cost global financial transactions.