Aptos Labs recently announced that its current CEO, Mo Shaikh, has been elected to the digital assets subcommittee of the US Commodity Futures Trading Commission (CFTC).
From this subcommittee, Shaikh will bring his valuable knowledge and years of experience to advise the agency on the regulation of cryptocurrencies and the blockchain industry.
Shaikh will share his vision and that of his blockchain ecosystem, Aptos, with the most prominent players in the cryptocurrency industry and with those responsible for regulation and law creation in the country. He will contribute ideas and share the broader opportunities of the digital ecosystem, and will ensure that the fundamental principles of innovation and development are upheld.
From your account on X, said which will strive to keep the crypto community informed about industry developments related to regulation and other key cryptoasset issues, and to ensure that cryptocurrencies and Web3 have a hopeful future in the United States.
A visionary of blockchain technology
Mo Shaikh has extensive professional experience in diverse areas ranging from banking, to advisory, to real estate investment, partnerships and, most recently, the development of blockchain technology.
According to the Aptos Foundation, it entered the blockchain industry in 2017, participating in the development of the Libra/Diem project, Meta (Facebook) and the Novi digital wallet. However, due to the regulatory hurdles Meta faced due to its plans to develop a global blockchain and cryptocurrency, the project developers decided to focus on building a new blockchain ecosystem, which they called Aptos.
Shaikh, as one of the founders of Aptos, is now committed to creating a decentralized, universally accessible blockchain ecosystem, where millions of people can explore the multiple opportunities of emerging technologies and Web3.
Shaikh is a visionary of the transformative potential of blockchain technology, which can revolutionize the economy and society, despite being a silent technology that goes unnoticed by most people.
Defend the interests of the crypto industry
The CFTC Digital Assets Subcommittee is part of the agency's Global Markets Advisory Committee, established to provide advice on issues related to the integrity and competitiveness of U.S. markets.
According to the CFTC, from the subcommittee, which also includes senior executives from Polygon Labs, Uniswap Labs and companies in the traditional financial industry, such as BlackRock, Franklin Templeton, Goldman Sachs, HSBC, Citadel and BNY Mellon, among others, the The objective is to address the challenges that concern the regulation of cryptocurrency innovation, to encourage its development and growth in a way that does not affect the integrity and stability of the system.
