IoTeX's Larry Pang Elected Co-Chair of Blockchain Association's DePIN Working Group

Tuesday, February 4, 2025 12:00 AM
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IoTeX's Larry Pang Elected Co-Chair of Blockchain Association's DePIN Working Group cover

IoTeX, a leader in Decentralized Physical Infrastructure Networks (DePIN), has announced that its Head of Ecosystem, Larry Pang, has been elected as co-chair of the DePIN Working Group within the Blockchain Association. This group, co-chaired by Jacob Hample from Filecoin, is part of a new initiative comprising 23 working groups aimed at fostering collaboration and addressing policy priorities in the rapidly evolving U.S. crypto and blockchain landscape. The Blockchain Association serves as a prominent nonprofit organization advocating for a pro-innovation policy environment for the digital asset economy, with over 100 members including key investors and companies in the sector.

Larry Pang’s appointment as co-chair underscores IoTeX’s commitment to actively participating in the Blockchain Association since its entry last December. His leadership role is expected to enhance the company’s influence in shaping regulatory frameworks that will support the growth of DePIN projects in the U.S. market. Pang expressed his honor in being elected and emphasized the importance of fostering industry standards to accelerate the real-world adoption of DePIN technologies, ensuring that the United States remains a leader in this innovative field.

Raullen Chai, Co-Founder and CEO of IoTeX, praised Pang’s appointment, highlighting its significance in connecting the physical and digital realms through blockchain technology. As the industry continues to mature, having strong advocates for regulatory frameworks governing decentralized infrastructure is crucial. This development marks a pivotal moment for both IoTeX and the broader blockchain ecosystem, as they work towards advancing policies that will facilitate the success of decentralized physical infrastructure networks in the U.S.

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