David Labhart, a former supervisory attorney with the U.S. Securities and Exchange Commission, has joined TRON as the blockchain network's first head of compliance to help navigate its interaction with regulatory agencies and other financial authorities around the world, the company announced.
"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," said TRON founder and CEO Justin Sun.
Labhart, who also will serve as TRON co-general counsel, has extensive legal and regulatory experience, with nearly 15 years in the securities industry. He spent nine years at the U.S. Securities and Exchange Commission, including time as a supervisory attorney in the Office of Compliance Inspections and Examinations focusing on broker-dealers, investment advisors, and Self-Regulatory Organizations (SROs). While there, he developed an expertise in emerging risks and technology, including cryptocurrency, blockchain, and high-frequency trading.
Labhart joins TRON from S&P Global Ratings, where he managed North American compliance and advised on regulatory issues, including the regulatory implications of blockchain, artificial intelligence, and cloud computing. He started his career at the law firm Wilmer Cutler Pickering Hale and Dorr, where he handled high profile internal investigations, SEC enforcement actions, and securities litigation.