The decentralized finance platform Veda has appointed a former U.S. Securities and Exchange Commission (SEC) official to its team, coinciding with the company's efforts to expand its cross-chain yield products aimed at institutional investors.
TuongVy Le has joined Veda as General Counsel after serving nearly six years as Chief Legal Counsel and Senior Advisor in the SEC's Enforcement Division and Office of Legislative and Intergovernmental Affairs, the company announced on Tuesday.
During her tenure at the SEC, Le advised Congress on early drafts of digital asset legislation and served on the Commodity Futures Trading Commission (CFTC) Global Markets Advisory Committee.
According to her LinkedIn profile, Le was involved in some of the SEC's earliest cryptocurrency enforcement actions.
She served in the SEC's Enforcement Division from 2016 to 2021—a critical period for the agency's crackdown on unregistered securities offerings related to initial coin offerings (ICOs).
During this time, the SEC took action against promoters of the BitConnect lending project and LBRY, accusing both of conducting unregistered securities offerings. In 2021, the agency also initiated one of the earliest DeFi-related enforcement actions, accusing Blockchain Credit Partners of securities fraud.
Before joining Veda, Le served as General Counsel and Corporate Secretary at cryptocurrency custody platform Anchorage Digital, later transitioning to an advisory role.
"What attracted me to the cryptocurrency space was the opportunity to help build a more transparent, programmable, and accessible financial system from the ground up," Le stated in a written statement to Cointelegraph. "When I learned about blockchain technology, it was clear that this was not just a new asset class—this was an opportunity to reimagine how markets operate." She added:
Le's appointment comes a month after Veda secured $18 million in funding from several venture capitalists, including Coinbase Ventures, CoinFund, and Animoca Ventures.
Veda is set to launch in 2024 as a DeFi application tokenization protocol, including liquid staking tokens and yield stablecoins. The total locked value of the DeFi treasury platform is approaching $4 billion.
An increasing number of former U.S. regulatory officials are transitioning into roles in the cryptocurrency industry, many of whom were active long before the recent regulatory shifts under the Trump administration.
For example, former SEC Chairman Jay Clayton joined cryptocurrency custodian Fireblocks as an advisor after leaving the agency. He was subsequently appointed as the Acting U.S. Attorney for the Southern District of New York.
Ladan Stewart, who previously served as Deputy Chief of Cryptocurrency Enforcement in the SEC's Enforcement Division, is now a partner at law firm White & Case, advising cryptocurrency clients.
Recently, former CFTC Chairman Chris Giancarlo joined digital asset bank Sygnum as an advisor. Giancarlo is often referred to as the "father of cryptocurrency" and also holds advisory roles at Paxos and other blockchain companies.
Regulatory veterans from before the Trump era are now observing progress in the cryptocurrency space, as three bills supporting the industry passed Congress earlier this month.
The Clarity for Digital Assets Act, U.S. Stablecoin Guidance, and the Establishing a National Innovation Act (GENIUS) are expected to bring greater regulatory certainty, potentially laying the groundwork for broader adoption in the U.S.
Related: PayPal launches cryptocurrency checkout tool, supporting over 100 tokens
Original article: “Former SEC Official Joins Veda as General Counsel Amid DeFi Expansion”
免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。
