The U.S. Commodity Futures Trading Commission (CFTC) has officially appointed Mo Shaikh, founder of AptosLabs, to the Subcommittee on Digital Assets. The subcommittee is part of the Global Markets Advisory Committee, which was established in 1998 and is comprised of a number of executives from traditional financial firms.
The committees advise the CFT on how best to regulate the financial sector, including international trade and commerce, AptosNews reports. The Digital Assets Subcommittee itself currently consists of 34 members from major Web2 and Web3 firms such as Blackrock, Uniswap, Polygon and Bank of New York Mellon.
The CFTC's decision to appoint Mo Shaikh shows that regulators are looking to work with cryptocurrency leaders to hone and refine effective regulation of the industry. It may also be seen as a sign of confidence by authorities in the future of the Aptos ecosystem itself, which is currently one of the fastest growing L1 networks in the industry.
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