Corporate attorney Eric Tung, notable for his work with cryptocurrency ventures, has been nominated by President Trump to fill a vacancy on the US Court of Appeals for the Ninth Circuit.
The Senate received the nomination on July 15 and will now consider it. The Ninth Circuit has jurisdiction over several western states, including California, Oregon, Washington, and Hawaii, a region densely populated with technology firms and crypto-related enterprises.
Since 2019, Tung has served as a partner at the law firm Jones Day. Documents filed in court show that he collaborated with the Blockchain Association in its legal challenge against the US Treasury Department, which was initiated by six individuals using Tornado Cash following the department’s sanctions against the platform.
Did you know?
Subscribe for new crypto explainer videos every week!
What is Chainlink? LINK Explained Simply (ANIMATED)
He also acted as legal representative for an investor who filed a lawsuit against HDR Global Trading, the company that owns the crypto exchange BitMEX
$228.42K
.
If his appointment is approved, Tung will participate in decisions regarding appeals involving companies operating in Silicon Valley and other locations within the court’s region.
However, the organization Accountable.US contends that Tung has a history of assisting cryptocurrency businesses in evading regulatory oversight.
According to a statement released on July 17, Accountable.US said:
Tung’s professional trajectory has been shaped by representing crypto enterprises aiming to bypass government regulations. He provided counsel to a stablecoin issuer in a brief arguing that independent sales of stablecoins do not constitute securities transactions.
Accountable.US further stated that Tung previously contributed to a legal document for the Blockchain Association, arguing against the implementation of rules related to permanent smart contracts.
Recently, President Trump gathered House Republicans, seeking to revive support for three stalled crypto-related bills. Curious to know what was said? Read the full story.
Having completed a Master’s degree in Economics, Politics, and Cultures of the East Asia region, Aaron has written scientific papers analyzing the differences between Western and Collective forms of capitalism in the post-World War II era.
With close to a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that crypto enthusiasts face. He’s a passionate analyst who is concerned with data-driven and fact-based content, as well as that which speaks to both Web3 natives and industry newcomers.
Aaron is the go-to person for everything and anything related to digital currencies. With a huge passion for blockchain & Web3 education, Aaron strives to transform the space as we know it, and make it more approachable to complete beginners.
Aaron has been quoted by multiple established outlets, and is a published author himself. Even during his free time, he enjoys researching the market trends, and looking for the next supernova.