President Donald Trump has nominated Eric Tung, a company lawyer identified 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 primarily based.
Tung has been a accomplice on the regulation agency Jones Day since 2019. Court docket filings revealed that he labored with the Blockchain Affiliation in its lawsuit towards 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
$94.03K
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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 companies keep away from authorities oversight.
In line with a public assertion on July 17, the group stated:
Tung has constructed his profession representing crypto companies 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 aren’t securities.
Accountable.US defined that Tung beforehand labored on a authorized transient for the Blockchain Affiliation opposing guidelines on everlasting good contracts.
Not too long ago, President Trump met with Home Republicans to regain assist for 3 stalled crypto payments. What did he say? Learn the total 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 trade, 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 trade newcomers.Aaron is the go-to individual for every thing and something associated to digital currencies. With an enormous ardour for blockchain & Web3 schooling, Aaron strives to rework the house as we all know it, and make it extra approachable to finish newbies.Aaron has been quoted by a number of established retailers, and is a printed creator himself. Even throughout his free time, he enjoys researching the market traits, and searching for the following supernova.
