The founder and CEO of Aptos Labs, Mo Shaikh, has been appointed to serve on the Commodities Futures Trading Commission (CFTC)’s subcommittee dedicated to digital assets.
The Digital Assets Markets Subcommittee, part of the Global Markets Advisory Committee, provides crucial input to the CFTC on rules impacting international commerce and companies, including key players like Citadel, Goldman Sachs, and HSBC.
Mo Shaikh will be joined by top talents from BlackRock, Polygon Labs, Uniswap Labs, and BNY Mellon to provide the CFTC with information and recommendations. Shaikh’s appointment is now a stamp of approval for Aptos, a layer one blockchain that was founded by former Meta Platforms personnel.
Aptos, backed by former Stripe CEO and OpenSea NFT marketplace partners, utilizes the Move programming language from the Diem project, aiming to expedite transactions compared to Ethereum, securing $400 million in funding from leading VCs like Andreessen Horowitz and Jump Crypto.
Shaikh focused on Aptos’ speed and shared insights on how the platform might be able to accommodate more transactions than other blockchains. This concurs with the general trend of blockchain initiatives attempting to improve transaction throughput.
Hiring Shaikh also shows the company’s focus on expanding the implementation of blockchain technologies and working with the CFTC to build a secure digital assets industry.
Also Read: Former CFTC Chair Giancarlo Joins Paxos Board of Directors
