Tron CEO Justin Sun has made his company’s stance on regulation clear by hiring a former SEC employee as their new compliance director.
The 28-year-old, who founded popular Chinese app Peiwo before starting work on Tron, was speaking at the NiTron Summit in San Francisco about how regulation is needed in the cryptocurrency space.
“We’re ready to fully embrace regulation here,” Sun told VentureBeat. “We’ve just hired our first head of compliance, who previously worked for the SEC for almost eight years.”
“We want to make sure we’re fully regulated in not only the United States, but also China, Korea, and Japan in the future,” he continued.
“Blockchain is like a new operating system. We believe the world will need to embrace the blockchain. And we’re very optimistic about how it will be regulated.”
Sun added: “The SEC, I think, also sees the blockchain as a good opportunity for innovation in the United States. I’m hoping that this year the SEC will license and regulate coin-based exchanges. This year will be the year of full regulation.”
In spite of a flailing cryptocurrency market, Tron is one of the only digital assets in the top 100 cryptocurrencies to be in the green over the past 24 hours, rallying 6% at the time of writing.
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