CFTC Admits Aptos Labs CEO to Digital Assets Committee

The Commodity Futures Trading Commission (CFTC) has appointed Aptos Labs CEO Moe SHAIKH to its Digital Assets Markets Subcommittee, in what appears to be an attempt to bridge the gap between traditional financial markets and the digital asset industry. Shaikh’s appointment adds legitimacy to Aptos, a layer 1 blockchain launched in October 2022.

The Digital Assets Markets Subcommittee, part of the Global Markets Advisory Committee (GMAC), plays a key role in shaping the CFTC’s rules on international trade and business. Founded in 1998, GMAC is comprised of leading financial executives from major companies such as Citadel, Goldman Sachs and HSBC. The 34-member subcommittee includes prominent executives from BlackRock, Polygon Labs, Uniswap Labs and BNY Mellon. These industry representatives provide the CFTC with important advice to help navigate the complexities of digital asset regulation.

Aptos Labs will unlock tokens next week. Aptos will release an additional 11.31 million tokens valued at approximately $103 million on June 12, 2024. The blockchain platform plans to bring a total of 105.63 million tokens to market between May 2024 and October 2026, according to Token Unlocks.

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