Backpack US Appoints Former SEC Acting Chair Piwowar to Board

Backpack US has appointed former U.S. Securities and Exchange Commission Acting Chairman Michael S. Piwowar to its board of directors, a move announced earlier this month as the company expands into regulated financial products. Piwowar, who served as an SEC commissioner from 2013 to 2018 and briefly as acting chairman during President Donald Trump's first term, brings regulatory expertise in securities, market structure, and capital formation. The appointment supports Backpack's expansion beyond spot crypto trading into stock trading, tokenized equities, and potential U.S. perpetual futures access.
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