CEO and co-founder of Aptos Labs, Avery Ching, has joined the CFTC subcommittee to contribute to the development of digital asset regulation.
Avery Ching's Role at CFTC
Avery Ching has become a member of the Digital Asset Markets Subcommittee of the U.S. Commodity Futures Trading Commission (CFTC). In this role, he will work within the CFTC's Global Markets Advisory Committee.
Composition and Goals of the Subcommittee
Alongside Ching, notable figures in the crypto industry such as Polygon Labs Head of Policy Rebecca Rettig, CoinFund President Christopher Perkins, Nasdaq Vice President Tony Sio, and Franklin Templeton Senior Vice President Sandy Kaul are part of the committee. The main goal of the subcommittee is to improve collaboration between the industry and regulators to enhance digital asset regulation.
Changes in Digital Asset Regulation
Recent changes within the CFTC include increased oversight of digital assets and the resignation of senior executives, which may open the way for more cryptocurrency-friendly initiatives in the sector.
Avery Ching's joining the CFTC highlights the growing importance of digital asset regulation and opens new horizons for the development of the crypto industry.
