๐จ Aptos Token Jumps 5% as CEO Gets Congressional Spotlight
๐งโโ๏ธ Capitol Hill Moment: Aptos Labs CEO Avery Ching is set to testify before the U.S. House Agriculture Committee on June 4 during a key hearing titled โAmerican Innovation and the Future of Digital Assets.โ Following the announcement, the price of Aptos (APT) surged nearly 5%, signaling renewed investor interest.
๐ก Whatโs on the Agenda? Ching will address the real-world utility of the Aptos blockchain, the role of the APT token, and the urgent need for regulatory clarity to ensure the U.S. remains competitive in digital innovation. His testimony will become part of the official congressional record.
๐ Market Reaction: After Aptos Labs broke the news on its official channels, APT jumped from $4.68 to a high of $4.96, with market cap nearing $3.1 billion and daily trading volume up 20.9%.
๐ฅ Who Else Testifies? Joining Ching are top industry voices: former SEC Commissioner Michael Piwowar, ex-CFTC attorney Chelsea Pizzola, and Ryne Miller from Lowenstein Crypto โ all bringing serious regulatory and crypto expertise.
๐ Why It Matters: This hearing could shape the future of U.S. crypto regulation โ with the potential to unlock innovation while ensuring investor protections. Aptos is clearly positioning itself at the center of the conversation.