TRON continues its stellar start to 2019 with a high profile appointment of former SEC employee, David Labhart, as Chief Compliance Officer.
This is the first compliance appointment by the blockchain project. David Labhart worked as an Attorney for the US Securities and Exchange Commission and has acquired extensive experience in the regulation of emerging risks and technology, including cryptocurrency, blockchain, and high-frequency trading.
The finance veteran will also serve as Co-General Counsel at TRON. David’s 9 years spent at SEC saw him play the role of a Supervisory Attorney in the Office of Compliance Inspections and Examinations focusing on Broker-Dealers, Investment Advisors, Self-Regulatory Organizations.
David described his appointment as a perfect progression towards his passion for the frontier of financial industry.
Joining TRON is the perfect progression in a career driven by a passion for the frontier of financial industry; where technology meets regulation – Blockchain and cryptocurrency are the next step in the evolution of the world’s financial system, and I’m excited about Justin’s passion and long-term view of the benefits and potential impact of this new technology.
TRON’s view of regulatory compliance as an important conversation within the blockchain and cryptocurrency industry informed this decision. Justin Sun, TRON Founder and CEO said:
As the cryptocurrency space matures, investors and regulatory agencies around the world must trust that TRON has a forward-thinking and stable growth trajectory that doesn’t run afoul of any regulatory requirements
This announcement follows positive growth in the TRON ecosystem with the latest being BitTorrent’s development of a token on the TRON blockchain.
From continues to see impressive development which has affected its market value as the project moved from number 10 to 9 in the top cryptocurrencies according to market capitalization in recent days.
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