Aptos Labs CEO Shaikh Joins CFTC Digital Assets Subcommittee

As an experienced financial analyst, I see Mo Shaikh’s appointment to the Digital Assets Markets Subcommittee of the Commodities Futures Trading Commission (CFTC) as a significant milestone for both him and Aptos Labs. With a background in the tech industry and a proven track record of success at Aptos, Shaikh brings valuable insights and expertise to this important role.


As a knowledgeable analyst, I’d rephrase it as follows: I, Mo Shaikh, the founder and CEO of Aptos Labs, have been given the opportunity to contribute my expertise to the Commodities Futures Trading Commission (CFTC)’s digital asset subcommittee.

As a passionate analyst advocating for the success of Web3 and crypto in the US, I’m thrilled about the upcoming chance to express my viewpoint. This opportunity, granted by CFTC Commissioner Caroline Pham, allows me to represent not only Aptos Labs but also the broader Aptos ecosystem in engaging with influential industry and government stakeholders.

— Mo Shaikh 🌐 aptOS (@moshaikhs) June 3, 2024

As a crypto investor, I closely follow the developments in the digital assets market, and I understand the significant role played by the Digital Assets Markets Subcommittee. Being part of the Global Markets Advisory Committee under the Commodity Futures Trading Commission (CFTC), this subcommittee offers valuable insights that influence rules affecting international business transactions and major players such as Citadel, Goldman Sachs, and HSBC.

Top industry experts from BlackRock, Polygon Labs, Uniswap Labs, and BNY Mellon will join Mo Shaikh in sharing valuable insights and suggestions with the Commodity Futures Trading Commission (CFTC). With Shaikh’s recent appointment as a key figure at Aptos – a blockchain company established by ex-Meta Platforms team members – this collaboration serves to bolster the credibility of Aptos within the industry.

Formally established by ex-CEO of Stripe and collaborators from OpenSea, Aptos employs the Move programming language from Diem for swift transactions, surpassing Ethereum‘s speed. This innovative venture has attracted investment totaling $400 million from esteemed venture capitalists including Andreessen Horowitz and Jump Crypto.

Shaikh highlighted Aptos’ swiftness and offered perspectives on its potential to handle a larger volume of transactions compared to other blockchains. This aligns with the prevailing direction of blockchain projects aiming to enhance their transaction processing capabilities.

By bringing on Shaikh, the company underscores its commitment to broadening the use of blockchain technologies within the organization and collaborating with the Commodity Futures Trading Commission (CFTC) to establish a robust digital asset sector.

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2024-06-04 11:33