Tron crypto platform hired a former lawyer of the US Securities and Exchange Commission (SEC) as the head of the compliance department, Cointelegraph reports referring to a press release from the company.
David Labhart, who earlier held a high legal position at the US regulatory government organization, will also be one of the general consultants at Tron.
Tron and its TRX token have become very popular over the past year largely due to strong advertising from its executive director Justin Sun, although this advertising is contradictory sometimes.
Created as an alternative platform for decentralized apps, the Tron blockchain celebrated its anniversary in December 2018 in connection with the registration of a millionth account.
In early January 2019, Marcus Zhao, Tron protocol manager, announced that the total number of crypto platform employees had reached more than forty specialists, and the employees come mainly from high-tech companies.
Tron plans to enter the top four cryptocurrencies in terms of market capitalization in 2019, and these plans are gradually being implemented. According to CoinMarketCap, the Tron cryptocurrency ranked tenth at the end of 2018 and became eighth at the beginning of 2019.
For the first ten days of the new year, Tron’s market cap grew by 45% and amounted to $2.28 billion on January 10 at 05:24 (UTC). For the last 24 hours, Tron is the only cryptocurrency that is in the green zone, out of ten of the most liquid digital assets.
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