Aptos Labs’ co-founder and CEO Avery Ching joined the CFTC's GMAC Digital Asset Markets Subcommittee, a move that could potentially impact the price of the APT token.
The appointment signifies institutional acceptance and regulatory clarity, which are crucial factors for Aptos' price growth.
The APT token recently traded around $4.78, up 17% over the past week, showing positive momentum.
Ching's role in advising the CFTC on digital asset regulations and Aptos' recent achievements may lead to increased demand for APT and potentially drive its price higher.