Aptos Labs CEO appoints by the US CFTC body to Its “Digital Assets Committee”


Bull sentiments around the APT coin are still invisible, despite Aptos Labs CEO joining the “Digital Assets Committee”. 

The Digital Assets Committee is a group within the Commodity Futures Trading Commission (CFTC) that focuses on the regulation and oversight of digital assets, like cryptocurrencies. The Digital Assets Committee members help the CFTC navigate the complex world of digital assets, ensuring markets are fair, safe, and well-regulated.

According to DL News, the US CFTC body appointed Aptos Labs CEO Mo Shaikh to its digital assets subcommittee. The 34-member subcommittee includes notable executives from BlackRock, Polygon Labs, Uniswap Labs, and BNY Mellon. These members help the CFTC body to solve the complexities of cryptocurrency regulation.

Some crypto enthusiasts noted that it is a bullish sign, not only for the Crypto sector but also for the Aptos ($APT) crypto project. 

Apt coin price action 

Aptos Lab CEO appointment boosts the credibility of Aptos, a Layer 1 blockchain launched in October 2022. Aptos was created by former Meta (Facebook’s parent company) employees. Shaikh and co-founder Avery Ching previously worked on Facebook’s Diem blockchain project, which ended in February 2022.

The current trade price of APT coin is $8.92 & this price is 1.64% down over the last 24 hours. The trade price graph shows that the APT coin price remained unfazed following this big news. 

Aptos Labs CEO appoints by the US CFTC body to Its “Digital Assets Committee” 1

The all-time high (ATH) of this coin is $18.09, which means the current trade price is -50% down from its ATH. Now it will be interesting to see the fluctuations around this cryptocurrency, as its CEO secured a position at the Digital Assets Committee, however, it is a short-term hype for the Aptos project & it has to do nothing with the future development works under Aptos project.

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