Veda Appoints Ex-SEC Counsel TuongVy Le to Strengthen Compliance and Institutional Outreach

Veda, a decentralized finance (DeFi) platform focused on cross-chain yield products for institutional investors, has appointed TuongVy Le as general counsel, signaling a strategic move to strengthen its regulatory compliance and institutional outreach. Le brings over six years of experience from the U.S. Securities and Exchange Commission (SEC), where she served as chief counsel and senior adviser in the Enforcement Division and the Office of Legislative and Intergovernmental Affairs. Her tenure coincided with the SEC’s early crypto enforcement actions, including cases against BitConnect’s lending program and Blockchain Credit Partners for unregistered securities offerings [1]. Prior to joining Veda, Le held leadership roles at Anchorage Digital, a crypto custody platform, and now assumes a key role in advising Veda’s expansion strategy [1].

The appointment follows Veda’s $18 million funding round in June 2024, led by investors such as Coinbase Ventures and Animoca Ventures. The platform, launched in 2024, tokenizes DeFi applications like liquid staking tokens and stablecoins, with nearly $4 billion in total value locked (TVL) as of the latest data [1]. Le’s expertise in bridging regulatory frameworks and blockchain innovation aligns with Veda’s goal of scaling institutional-grade DeFi solutions. In a statement, she emphasized her belief in blockchain’s potential to “reimagine how markets work” while balancing regulatory rigor with technological advancement [1].

Le’s move reflects a broader trend of former U.S. regulators transitioning into crypto roles, accelerating as legislative efforts in Congress aim to clarify digital asset oversight. For instance, ex-SEC Chair Jay Clayton joined Fireblocks as an adviser, and former CFTC Chair Chris Giancarlo has advised Sygnum and Paxos. These transitions highlight the sector’s growing legitimacy amid regulatory uncertainties. The recent passage of the GENIUS Act, signed by U.S. President Donald Trump, along with the CLARITY Act, is expected to foster clearer guidelines for stablecoins and tokenization, potentially boosting institutional adoption [1].

Veda’s expansion comes at a pivotal time for DeFi, as platforms seek to balance innovation with compliance. Le’s background in both traditional finance and regulatory enforcement positions her to navigate the evolving legal landscape, ensuring Veda’s products meet institutional standards while advocating for pragmatic policy frameworks. The platform’s focus on cross-chain interoperability and institutional-grade tools underscores its ambition to bridge gaps between legacy financial systems and decentralized infrastructure.

Source: [1] Former SEC official joins Veda as General Counsel amid DeFi expansion (https://cointelegraph.com/news/former-sec-general-counsel-crypto-legislation-veda?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound)