Blockchain platform TRON, in a recent press release on Wednesday, Jan. 9th 2019, announced to appoint the former United States Securities and Exchange Commission’s (SEC) supervisory attorney, David Labhart, as its first chief compliance officer, who will also be a co-general counsel at the blockchain company.
Labhart, a veteran of the US regulator, has a well-proven track record in handling SEC enforcement actions and securities litigation. And with this move of selecting the former attorney of the US regulator, TRON’s founder, and CEO, Justin Sun hopes to build a trustful relationship with the investors and regulators.
According to Sun, as the cryptocurrency sector matures, TRON aims to emerge as a trustworthy player in the market, with investors and regulatory agencies all over the world believing that TRON has a forward-thinking and stable growth trajectory that follows all securities regulations.
On joining TRON, as the Head of Compliance, Labhart said that joining the platform is the perfect progression in a career that yearns to be at the frontier of the financial industry; where technology meets the regulatory framework. The Blockchain tech and cryptocurrency are evolutionary steps for the financial system, and it’s exciting to be part of Justin’s passion and long-term view of the benefits and potential impact of this new and emerging tech.
The platform, along with its associated TRX token, has built a name for itself in the cryptocurrency market space over the past year. Designed to offer an alternative platform for decentralized applications (DApps) to Ethereum, TRON recently celebrated surpassing the one million user accounts last month.