Aptos CEO Avery Ching Highlights Aptos Token as Core Infrastructure in U.S. Congressional Hearing

Aptos Labs CEO Avery Ching addressed a U.S. Congressional hearing on June 4th, emphasizing the transformative role of digital assets beyond mere speculation. He highlighted that these assets form a neutral infrastructure essential for advancing the next-generation Internet, characterized by transparency, programmability, openness, and verifiability. This infrastructure is progressively becoming a global digital public utility, underpinning critical technological evolution.

Ching underscored the importance of digital assets in enabling functions that traditional systems struggle to deliver efficiently, such as global governance and streamlined payment mechanisms. He compared this emerging infrastructure to foundational utilities like electricity and roads, projecting its pivotal role in future societal frameworks. Furthermore, he described tokens as the vital “lifeblood” of decentralized ecosystems, crucial for maintaining the stability and functionality of blockchain networks and their associated decentralized applications (DApps).