Svmuu News: The cryptocurrency trading platform Backpack has announced the appointment of Mark Wetjen, a former commissioner and acting chairman of the U.S. Commodity Futures Trading Commission (CFTC), as president of Backpack US. Wetjen previously served as Head of Global Public Policy at the Depository Trust & Clearing Corporation (DTCC) and has long advocated for the establishment of a clear regulatory framework and market infrastructure for the crypto industry. Backpack stated that Wetjen will be responsible for leading the company’s business expansion in the United States, with a focus on advancing compliant product development, regulatory collaboration, and market expansion to build compliant on-chain financial infrastructure that bridges the crypto market and the traditional financial system.