- Aptos Labs’ co-founder and CEO Avery Ching, has joined the CFTC’s GMAC Digital Asset Markets Subcommittee.
- The appointment could be huge for APT price.
- Institutional acceptance and regulatory clarity may be key to Aptos’ price.
Aptos, a leading layer 1 blockchain, could see the price of its native token spike amid latest news related to the US Commodity Futures Trading Commission (CFTC).
The APT token traded around $4.78, just in the red on the day but 17% up over the past week.
The appointment of Aptos co-founder to CFTC’s digital asset subcommittee looks likely to position the blockchain platform nicely for an uptrend.
CFTC appoints Aptos CEO to GMAC Digital Asset Markets Subcommittee
On June 30, 2025, Aptos Labs announced that its Co-Founder and CEO, Avery Ching, has been appointed to the Commodity Futures Trading Commission’s (CFTC) Global Markets Advisory Committee (GMAC) Digital Asset Markets Subcommittee.
The appointment of Avery Ching to the GMAC Digital Asset Markets Subcommittee marks a significant milestone for Aptos Labs and the broader cryptocurrency industry.
As announced via an official Aptos X account, the CFTC recognized Ching’s expertise as a co-founder and CEO of Aptos Labs.
The Aptos blockchain continues to gain traction due to its scalability and innovative use of the Move programming language.
The United States of Aptos 🇺🇸
Co-Founder & CEO of @AptosLabs, @AveryChing, joins the @CFTC GMAC Digital Asset Markets Subcommittee.
Avery will collaborate with other leaders from Web3 and financial services to help shape digital asset regulations. pic.twitter.com/3j3toG65Mg
— Aptos (@Aptos) June 30, 2025
The subcommittee, composed of 34 prominent executives from leading financial institutions and web3 companies, plays a pivotal role in advising the CFTC on regulatory frameworks for digital assets.
Ching’s inclusion points to Aptos’ growing traction in the bridging of traditional finance and the web3 ecosystem.
Notably, his leadership could help bolster the regulator’s direction in terms of future policies.
While not linked to Aptos’ price, the move adds to the platform’s credibility. It might unlock fresh demand for APT.
Aptos price
Today’s announcement comes on the back of other major news for Aptos , including being ranked as the highest-scoring blockchain candidate for Wyoming Stable Token (WYST).
WYST is the first fiat-backed stablecoin set for issuance by a U.S. state.
Additionally, Bitwise recently amended its filing for an Aptos ETF, a move that signals a potential approval by the US Securities and Exchange Commission (SEC).
Meanwhile, Aptos has seen significant growth amid growth for its native USD stablecoins.
Aptos is also seeing momentum as developers build on the blockchain. Recently, multi-chain AI analytics platform Nansen noted that Aptos “shipped 1,200+ contracts in a single day.”
Per Nansen, the count marked the largest deployment increase over the past 30 days.
Devs on @Aptos just shipped 1,200+ contracts in a single day — the biggest deployment spike in the past 30 days. 🚀
That’s a 6x jump from the weekly average.
Momentum’s building. pic.twitter.com/6aaPsAw2ZK
— Nansen 🧭 (@nansen_ai) June 28, 2025
These developments, combined with Ching’s CFTC role, could catalyze interest in APT, possibly driving investor confidence. A bullish flip after today’s news could propel APT’s price higher.
Aptos price rose to highs of $14.70 in December 2024 and peaked at $19.90 in January 2023.
