On June 30, Aptos Labs officially announced to the community that co-founder and CEO Avery Ching has been appointed to the Digital Asset Market Subcommittee of the U.S. Commodity Futures Trading Commission (CFTC). In this new role, Avery Ching will coordinate with leading experts in the Web3 and financial services sectors to promote the development of a legal framework for digital assets, contributing to enhancing transparency and safety in the global cryptocurrency market. This is an important step affirming Aptos Labs' expertise and influence in the Blockchain and DeFi industry.
Appointment of Avery Ching to the CFTC Digital Asset Market Subcommittee
Avery Ching – CEO and co-founder of Aptos Labs – has just become a member of the Digital Asset Market Subcommittee under the U.S. Commodity Futures Trading Commission. This is a notable event as the head of a leading U.S. Blockchain project directly participates in the process of building and refining the legal framework for digital assets.
The role of the Subcommittee is to advise the CFTC on policies related to the digital asset market, ensuring sustainable, transparent development and risk protection for investors.
The impact of participation in the digital asset legal framework
Avery Ching's presence in the CFTC advisory body reflects the trend of closer collaboration between Blockchain developers and traditional financial regulatory organizations. The goal is to create a clear legal environment, facilitating the development of cryptocurrency projects while protecting the rights of users and investors.
A comprehensive legal framework will enhance trust in the cryptocurrency market, promote widespread adoption of Web3 technology, and strengthen the competitiveness of Blockchain projects.
Aptos Labs and the vision of building a secure Web3 ecosystem
Aptos Labs stands out with advanced Blockchain technology, aiming to build a scalable, secure, and user-friendly Web3 platform. CEO Avery Ching's contribution to digital asset policies will help Aptos not only develop products but also engage more deeply in creating industry standards.
Thus, Aptos Labs contributes to the overall development of DeFi (Decentralized Finance) and decentralized applications (DApps) on the Ethereum platform and the multi-chain ecosystem.
The significance of Blockchain enterprises participating in legal planning
The event of Avery Ching's appointment to the CFTC Subcommittee shows the recognition of the importance of Blockchain project founders in shaping the future of the digital asset industry. This helps create a tight link between technological innovation and legal regulations, aiming for a transparent, efficient, and sustainable market.
This is also a premise for the cryptocurrency industry to increasingly develop in a standardized direction, in line with the regulatory requirements of government agencies worldwide.
Source: https://tintucbitcoin.com/avery-ching-gia-nhap-tieu-ban-cftc/
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