President Donald Trump has nominated Eric Tung, a company lawyer recognized for his work with cryptocurrency corporations, for a seat on the US Court docket of Appeals for the Ninth Circuit.
The nomination was despatched to the Senate on July 15 for consideration. The Ninth Circuit covers a number of western states, together with California, Washington, Oregon, and Hawaii, the place many expertise and cryptocurrency companies are based mostly.
Tung has been a associate on the regulation agency Jones Day since 2019. Court docket filings revealed that he labored with the Blockchain Affiliation in its lawsuit in opposition to the US Treasury Division, which was introduced by six Twister Money customers after the division sanctioned the platform.
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Moreover, he represented an investor who sued HDR World Buying and selling, the guardian firm of cryptocurrency alternate BitMEX
$68.82K
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If confirmed, Tung would assist resolve appeals involving companies from Silicon Valley and different areas within the court docket’s jurisdiction.
Nonetheless, the group Accountable.US acknowledged that Tung has a historical past of serving to cryptocurrency corporations keep away from authorities oversight.
In keeping with a public assertion on July 17, the group mentioned:
Tung has constructed his profession representing crypto corporations searching for to keep away from authorities regulation. He served as counsel for a stablecoin supplier in a short arguing standalone gross sales of stablecoins will not be securities.
Accountable.US defined that Tung beforehand labored on a authorized transient for the Blockchain Affiliation opposing guidelines on everlasting good contracts.
Just lately, President Trump met with Home Republicans to regain assist for 3 stalled crypto payments. What did he say? Learn the complete story.
Having accomplished a Grasp’s diploma in Economics, Politics, and Cultures of the East Asia area, Aaron has written scientific papers analyzing the variations between Western and Collective types of capitalism within the post-World Warfare II period.With near a decade of expertise within the FinTech business, Aaron understands all the largest points and struggles that crypto fans face. He’s a passionate analyst who is worried with data-driven and fact-based content material, in addition to that which speaks to each Web3 natives and business newcomers.Aaron is the go-to individual for every part and something associated to digital currencies. With an enormous ardour for blockchain & Web3 schooling, Aaron strives to rework the area as we all know it, and make it extra approachable to finish freshmen.Aaron has been quoted by a number of established shops, and is a broadcast creator himself. Even throughout his free time, he enjoys researching the market developments, and on the lookout for the following supernova.
