The post APT rises 5% after Aptos CEO gets invited to testify in front of U.S. Congress appeared on BitcoinEthereumNews.com.

Aptos Labs CEO Avery Ching is scheduled to testify at a congress hearing about digital assets with the House Committee on Agriculture tomorrow. After the news broke, APT rose by nearly 5%. In a recent post, Ching stated that he has been invited to testify in front of the U.S. Congress on a hearing titled “American Innovation and the Future of Digital Assets: From Blueprint to a Functional Framework.” The congressional hearing is set to take place on June 4. “Market structure legislation is an important step forward and I’m looking forward to sharing how Aptos Labs and the broader L1 ecosystem can power this next era of the decentralized Internet,” said Ching in his post. Honored to be asked to testify in front of @houseagGOP for their committee hearing on American Innovation and the Future of Digital Assets: From Blueprint to a Functional Framework on 6/4 (Wednesday). Market structure legislation is an important step forward and I’m looking… — avery.apt 🌐 (@AveryChing) June 2, 2025 Ching is expected to share his insights on real-world use cases for blockchains through the Aptos (APT) ecosystem, token utility, and the need for regulatory clarity to support U.S. innovation. His testimony will be part of the official record on the hearing. After the news was announced on the Aptos official X account, the protocol’s native token jumped by nearly 5%, escaping its brief slump at $4.68. The rally brought APT up to a peak of $4.96, just barely grazing the $5 threshold. At press time, the token has gone up by 4.5% and is trading hands at $4.93. Price chart for Aptos’ native token in the past few hours, June 3, 2025 | Source: crypto.news APT’s market cap stands at $3.1 billion. Its daily trading volume has climbed up along with its price,…

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Filed under: News - @ June 3, 2025 9:26 am