Latest news with #AveryChing
Time of India
30-06-2025
- Business
- Time of India
Cryptocurrency Live News & Updates : Aptos CEO Joins CFTC's Crypto Regulation Panel
30 Jun 2025 | 11:55:12 PM IST Avery Ching, co-founder and CEO of Aptos, has been appointed to the CFTC's Digital Asset Markets Subcommittee, marking a shift towards including builders in regulatory discussions. In a significant development for cryptocurrency regulation, Avery Ching, the CEO of Aptos, has joined the CFTC's Digital Asset Markets Subcommittee, which includes influential figures from BlackRock and Goldman Sachs. This move highlights the CFTC's intent to incorporate insights from blockchain technologists, contrasting with the SEC's more stringent approach. Meanwhile, U.S. Treasury Secretary Besant anticipates a surge in trade agreements as the July 9 deadline approaches, indicating a proactive stance in economic negotiations. In the crypto market, Cardano's price has shown mixed signals, with whale accumulation suggesting potential recovery despite a recent 18% drop. Additionally, JPMorgan has initiated coverage of Circle with an underweight rating, citing an elevated market cap despite the stablecoin's strong positioning. As the landscape evolves, these developments reflect the ongoing interplay between regulatory frameworks and market dynamics in the cryptocurrency sector. Show more
Yahoo
19-05-2025
- Business
- Yahoo
Aptos CEO says crypto will power ‘one global market' for everyone
Avery Ching, co-founder and CEO of Aptos, believes crypto is finally ready to deliver on the promises it made over a decade ago — with Aptos playing a starring role. Speaking with TheStreet Roundtable host Scott Melker, Ching made a bold case for why Aptos could become the 'global trading engine' of the future. 'The technology is finally there,' Ching said. 'You have something like an Aptos that can do payments in under a hundredth of a cent. Finality times… about 600 milliseconds today and going to get faster over time.' He added that Aptos could scale to rival — or even surpass — the likes of Mastercard and Visa. That level of speed and efficiency, Ching argued, makes it possible to build a permissionless, composable global trading infrastructure — one that could absorb use cases currently handled by siloed institutions like the NYSE and NASDAQ. 'We can actually build out systems that are going to be one global market,' Ching said. 'An example would be like if you want to take out a loan and then make a trade and then upon the trade do another action — you can string all those things together on a blockchain permissionlessly.' When asked if tokenizing traditional assets is required to reach that level of integration, Ching acknowledged it's not an overnight process — but inevitable. 'We'll start to see even IPOs happening on-chain,' he said. 'It'll be piecemeal… but as time progresses, it starts to become this avalanche of activity.' Ching also touched on financial accessibility, highlighting that 'even for today, a lot of the people in the US don't invest into equities because it's just too hard.' In that context, crypto's ability to create open, borderless financial access becomes revolutionary. With final settlement times faster than Visa and costs far below the SWIFT system, Ching believes the world is on the cusp of a financial overhaul, 'These financial barriers have been completely unlocked… We're going to see the global economy elevated to such a scale that we never imagined.' Aptos is a Layer 1 blockchain built for speed, scalability, and reliability, aiming to support the next generation of decentralized applications. It was developed by former Meta engineers and leverages the Move programming language for enhanced security. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
