Muneeb Ali Appointed CEO of Stacks Labs Amid Bitcoin Staking Expansion

Muneeb Ali, co-founder of the Stacks protocol, has been appointed CEO of Stacks Labs, the organization overseeing core development and ecosystem growth. The appointment follows a July 2026 community vote where 99% of participants supported staking upgrades. Stacks Labs, established in 2025 under SIP-031, focuses on advancing the sBTC asset, which enables decentralized Bitcoin yield without centralized custodians. The protocol utilizes a Proof of Transfer consensus mechanism to anchor transactions to the Bitcoin blockchain, with smart contracts written in the Clarity language.