Blockchain platform TRON has hired a former United States Securities and Exchange Commission (SEC) supervisory attorney as its first chief compliance officer.
David Labhart, who previously worked as an attorney for the U.S. regulator, will also take on the role of co-general counsel at the company.
TRON, along with its associated TRX token, has built a major presence over the past year, in part due to the continued, and at times controversial, publicity efforts centred around CEO Justin Sun.
Designed to offer an alternative platform for decentralized applications (DApps) to Ethereum, TRON celebrated its one millionth user account last month.
Evolving regulatory compliance obligations remain an issue for cryptocurrency entities serving both the U.S. and most other major markets. Some businesses such as crypto exchange Bittrex have opted to split their operations in order to segregate U.S. users, who are bound by different rules.