Aptos founder joins BlackRock, Goldman Sachs in shaping CFTC crypto’s rulebook

Key Points

1. Avery Ching's appointment to the CFTC's Digital Asset Markets Subcommittee highlights the agency's interest in input from blockchain technologists, not just traditional financial institutions.

2. Ching's background includes being a principal engineer at Meta’s Diem project, giving him experience with regulatory challenges in decentralized systems.

3. Aptos has been gaining regulatory relevance, being named the top blockchain candidate for Wyoming’s WYST stablecoin initiative and attracting institutional interest with an Aptos-linked ETF filing.

4. Ching will work on standardizing stablecoin and CBDC frameworks, potentially influencing how regulators treat blockchain-native financial instruments.

5. The CFTC's approach contrasts with the SEC's enforcement-heavy stance, suggesting a more collaborative regulatory strategy for crypto.