Backpack US adds former SEC official Piwowar to board

Backpack US has appointed former SEC Acting Chairman Elad R. Piwowar to its board of directors. This strategic addition comes as the company aims to strengthen its position within the cryptocurrency industry, particularly concerning regulatory compliance and engagement. Piwowar's extensive experience at the Securities and Exchange Commission is expected to provide valuable guidance as Backpack US navigates the complex regulatory landscape. The move underscores a broader trend of crypto firms seeking seasoned regulatory expertise to foster trust and facilitate growth in a rapidly evolving market.