Former CFTC Acting Chairman Mark Wetjen Appointed as President of Backpack US to Build Compliant On-Chain Financial Infrastructure

Odaily News: Cryptocurrency trading platform Backpack has announced the appointment of former U.S. Commodity Futures Trading Commission (CFTC) Commissioner and Acting Chairman Mark Wetjen as President of Backpack US. Wetjen previously served as the Global Head of Public Policy at the Depository Trust & Clearing Corporation (DTCC) and was an early advocate for establishing clear regulatory frameworks and market infrastructure for the cryptocurrency industry. Backpack stated that Wetjen will be responsible for leading the company's business expansion in the United States, focusing on advancing the development of compliant products, regulatory cooperation, and market expansion to build a compliant on-chain financial infrastructure that connects the cryptocurrency market with the traditional financial system.