TRON Inc. continues to make significant strides in establishing themselves as significant players in the blockchain industry. This week, TRON announced that they will be hiring David Labhart as its first head of compliance to ensure that business goes smoothly with regulators.
Labhart is a well-seasoned veteran of the financial regulatory system and has spent his career handling SEC enforcement actions and securities litigation for prestigious law firms and the SEC itself.
TRON founder and CEO Justin Sun hopes that this move will increase trust in the project among investors and regulators. Sun says:
“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.”
Although Labhart has spent his life in the traditional financial sector, he says that he has always been on the cutting edge of technology, so he believes that the blockchain industry will be an excellent fit for him. Labhart explained:
“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.”
In addition to his position as head of compliance, Labhard will also serve as co-general counsel for TRON. Labhard has spent roughly 15 years in the securities industry, with nine of those years at the offices of the U.S. Securities and Exchange Commission. At the SEC, Labhart spent time as a Supervisory Attorney in the Office of Compliance Inspections and Examinations focusing on Broker-Dealers, Investment Advisors, Self-Regulatory Organizations.
Labhart is scheduled to speak Jan. 18 at niTROn summit in San Francisco on the future of cryptocurrency and regulation in the US.
Earlier this week, the price of TRON surged 11.6% following an announcement revealing BitTorrent’s BTT token will be launched on Binance’s token launch platform, Binance Launchpad.
