Founded by Justin Sun, TRON has without a doubt had a good week with the company performing strong to start off the year. The TRON Foundation recently published a press released in which they announced that they have hired a supervisory attorney who was formerly of the United States Securities and Exchange Commision. At the same time, the SEC is cryptocurrencies best friend and its worst enemy as well.
The press release was published on Wednesday which revealed that David Labhart will now be acting as TRON’s head of compliance for assisting the upstart in interacting with regulators around from the world, specifically in the crypto and blockchain side of things.
The founder of TRON went onto say that as the digital currency space continues to grow, investors and regulatory bodies will have to come to trust TRON as he said that the firm is on a “forward thinking and stable growth trajectory”. In addition to this, he said that he doesn’t expect the company dealing to “run afoul of any regulatory requirements.”
Labhart will be acting as TRON’s co-general counsel and will be using his rich experience of 15 years in the securities sector to benefit the crypto business which is always growing even during the current bear market. The latest employee for TRON was clearly excited to start his new role stating, “Joining TRON is the perfect progression in a career driven by a passion for the frontier of financial industry; where technology meets regulation.”
According to Ethereum World News, the new executive at TRON said that he sees blockchain technologies and cryptocurrencies as the next step in the evolution of global finance. He also said that he is excited to see what Sun will have in store for the company, especially in terms of utilising the technology for the society’s benefit.
This news comes as TRON is booming in the markets in comparison to other cryptocurrencies. Bitcoin has sunk below the $4,000 key resistance level, Ripple’s native token, XRP has moved into second but it is currently down by 6.15 percent giving it a price of 34 cents. TRON is currently in eighth after it is the only crypto in the top ten surging right now with a 6 percent increase on the day and a price of 29 cents.
What are your thoughts? Let us know what you think down below in the comments!