Avery Ching, co-founder and CEO of Aptos, has been appointed to the Commodity Futures Trading Commission (CFTC) Digital Asset Market Subcommittee, which may influence the regulation of digital assets.
Avery Ching's Appointment
On June 30, 2025, Aptos Labs announced Ching's appointment to the CFTC’s Digital Asset Market Subcommittee. This group includes representatives from BlackRock, Goldman Sachs, and Citadel, alongside notable figures from the crypto industry like Rebecca Rettig from Polygon Labs and Christopher Perkins from CoinFund.
CFTC's Role in Crypto Regulation
Ching's appointment comes amid growing developments in crypto regulation. The CFTC is steadily expanding its oversight of crypto assets with a lighter touch compared to the SEC's stringent policies. Ching represents the builder's perspective in a regulatory environment primarily shaped by traditional financial institutions.
Regulatory Successes of Aptos
Aptos has already made significant regulatory strides by becoming the top candidate for Wyoming's WYST, the first fiat-backed stablecoin issued by a U.S. state. Furthermore, the amended filing for an Aptos-linked ETF indicates rising institutional interest, despite delays from the SEC. Ching's work on the subcommittee may impact the regulatory standards around stablecoins.
Avery Ching's appointment to the CFTC could lead to a more balanced approach to digital asset regulation, significantly influencing the future of the crypto industry.
