Former SEC Acting Chairman Piwowar joins Backpack US Board of Directors

Backpack announced that Dr. Michael S. Piwowar, former acting chairman of the SEC, has joined the Board of Directors of Backpack US. Piwowar previously served as a commissioner and acting chairman of the SEC, and participated in discussions on digital asset regulation. Backpack stated that the company has the capability to launch regulated perpetual contracts in the United States, with former CFTC Acting Chairman Mark Wetjen serving as the President of Backpack US.