News
Mysten Labs Expands Regulatory Presence by Joining Blockchain Association and The Digital Chamber
Sylvia Favretto Appointed General Counsel of Mysten Labs
Mysten Labs has joined two of the most influential organizations driving policy and public understanding of blockchain technology and digital assets, Blockchain Association and The Digital Chamber. In tandem with these strategic partnerships, Mysten Labs has appointed Sylvia Favretto to General Counsel, marking a significant step in the company's commitment to advancing the regulatory frameworks that support innovation in the Web3 ecosystem.
By becoming members of these advocacy groups, Mysten Labs is set to strengthen its position in regulatory matters, operate at the forefront of regulatory discourse, and engage with lawmakers and regulators to promote and ensure the development of policies that prioritize innovation while simultaneously protecting users and the broader ecosystem. The company will continue to advocate for the blockchain industry and increase its influence on regulatory matters as the new U.S. presidential administration unfolds.
Promoting Ms. Favretto to General Counsel of Mysten Labs will help further facilitate the company’s regulatory efforts. Prior to this, Ms. Favretto served as Associate General Counsel and was previously Global Lead Regulatory Counsel at Block, where she provided legal solutions for Block’s innovation and growth worldwide. Before her foray into the private sector, Ms. Favretto served as Counsel at Shearman & Sterling LLP, where she focused on unlocking solutions for banks, fintechs and other financial institutions.
“I am honored to step into this role at a time when collaboration between industry leaders and policymakers is vital for the growth of the digital asset ecosystem,” said Ms. Favretto. “Advocating for blockchain technology’s potential has never been more important. Partnering with Blockchain Association and The Digital Chamber demonstrates Mysten’s commitment to engaging in meaningful conversations that will shape the future of Web3.”
In her new role, she will be a core part in advising Mysten Labs’ regulatory affairs and play a pivotal role in managing the company’s legal operations. With extensive legal expertise and knowledge of the regulatory landscape, Ms. Favretto is uniquely positioned to guide Mysten Labs’ strategic regulatory efforts while advocating for adoption and innovation.
With a strengthened regulatory presence, Mysten Labs is poised to drive meaningful change within the blockchain industry. By aligning with Blockchain Association and The Digital Chamber, the company is not only advocating for better regulatory clarity but also reinforcing its position as a collaborative and forward-thinking innovator.
Blog