The CEO of Aptos joins the CFTC's Digital Assets Subcommittee, APT Token Soars

Avery Ching, CEO of Aptos Labs, has been formally appointed to the Digital Asset Markets Subcommittee of the Commodity Futures Trading Commission (CFTC). This move signals a growing regulatory openness towards the crypto industry in the United States.

Ching will collaborate with key global leaders in Web3 and finance to develop regulatory frameworks for digital assets. "Now is a crucial time to push forward pro-crypto regulation towards completion," stated Summer Mersinger, CEO of the Blockchain Association and former CFTC Commissioner.

The announcement positively impacted Aptos's native token (APT), which rose by 12.85% in the last week. APT is currently trading at $4.91. Industry observers note that this appointment strengthens Aptos's position as a significant player in the global blockchain ecosystem.

Disclaimer: This is not financial advice. Conduct your own research before making investment decisions.

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