Aptos Labs CEO joins US CFTC subcommittee to shape crypto regulations
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Aptos (APT) led altcoin recoveries last week, fueled by an optimistic ecosystem upgrade.
Meanwhile, today’s announcement underscores the blockchain’s rise as a key player in the crypto market’s technical and regulatory developments.
Aptos Labs CEO and co-founder Avery Ching has joined the Commodity Futures Trading Commission’s Global Markets Advisory Committee to help American regulators explore the complex landscape of crypto.
Ching’s role at GMAC
Avery Ching boasts a rich technical background, including overseeing efforts across wallet infrastructure, ecosystem strategy, and platform development on Meta’s Diem blockchain.
Now, he brings his skills to GMAC’s Digital Asset Markets Subcommittee, which advises the CFTC on blockchain initiatives like custody, DeFi, market infrastructure, and tokenization.
Ching will leverage his real-world expertise to blur the line between bureaucrats and builders.
Moreover, his appointment comes at a crucial time when US regulatory authorities are recognizing the need for clear crypto policies.
According to today’s announcement,
Avery will collaborate with other leaders from web3 and financial services to help shape digital asset regulations.
The United States has taken various optimistic steps in the digital assets space since electing Donald Trump, who has a pro-crypto stance.
A protocol-level approach in advisory conversations could help create innovative-friendly and more cohesive rules.
Through Ching, CFTC welcomes a leader and builder who understands the details of blockchain decisions.
Such an environment will likely encourage builders while policymakers craft more nuanced and clear rules.
For investors and users, this signals a maturing industry where the line between regulation and innovation blurs.
Aptos takes the spotlight in Wyoming
The blockchain’s increasing relevance in the United States crypto regulatory scene isn’t random.
Last week, the team behind the US state of Wyoming chose Aptos as the top blockchain for its state-backed WYST stablecoin.
The more reflected a massive endorsement of Aptos’ regulatory alignment, scalability, and security.
Moreover, the chain hosts three USD-pegged stablecoins, USDT, USDC, and USDe, reinforcing its stablecoin dominance.
Also, this positioned Aptos as among the most regulatory-aligned and diversified platforms for real-world use cases.
APT price outlook
The altcoin trades at $4.81 after a brief 0.27% decline in the past 24 hours.
The current price places APT nearly 20% up on its weekly chart as bulls took charge the previous day.
However, short-term technical indicators signal a weakening momentum.
For instance, the 4H Moving Average Convergence Divergence displays dominant red histograms.
The Relative Strength Index indicates fading bullish strength.
Moreover, the Chaikin Money Flow has plummeted since dipping below the neutral level on June 27.
The CMF reads -0.25 at press time, indicating capital leaving the APT ecosystem.
These observations signal possible profit booking as investors cash in after last week’s rallies.
Enthusiasts will track the blockchain’s performance in the coming times now that it’s at the heart of US crypto regulations.
The post Aptos Labs CEO joins US CFTC subcommittee to shape crypto regulations appeared first on Invezz
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