Eric Tung, a business lawyer with an experience of representing Crypto companies, is about to join one of the most influential federal courts in the United States.
On Tuesday, US President Donald Trump sent the appointment of tung to become a judge of the American circuit for the ninth circuit, which covers Arizona, Idaho, Montana, Oregon, Washington, Nevada, California in Alaska and Hawaii.
Tung, partner of the Jones Day law firm since 2019, has customers who include digital currency companies.
Judicial files show that Tung represented the Blockchain Association of the Advocacy Group in Jones Day in a case deposited by six Tornado Cash users against the US Treasury Department. He also represented an investor fileing a complaint against HDR Global Trading Limited, the parent company of the Bitmex Exchange.
If he was confirmed as a federal judge, he would probably cover calls in cases involving companies based on Silicon Valley who deposit in the jurisdiction, which would include many cryptocurrency companies.
Guardian pusts
Tung’s appointment has aroused criticism, with responsible surveillance organization. By saying that the potential judge could support the deregulation of digital assets as part of the Trump’s administrative cryptography agenda.
The president has already radically changed leadership in financial agencies supervising digital assets such as the American Commission for Securities and Exchange, and has his choice in the Senate to direct the Commodity Futures Trading Commission.
“Tung has built its career representing cryptographic companies seeking to avoid government regulations,” said the guard dog in an opinion on Thursday.
“He was a lawyer for a stablecoin supplier in a brief argument for autonomous sales of stablescoins are not titles. He represented the Blockchain association in a brief opposite regulation of immutable intelligent contracts. While representing an investment company supporting cryptographic companies, he pleaded for a more loose responsibility on a crypto tool. ”
Cointelegraph set out to Tung to comment but did not receive an answer at the time of publication.
In relation: The courtyard puts an end to the center of the Treasury of the United States on the Tornado in cash
Significant crypto cases have crossed the ninth circuit
Any federal judge supervising calls may have a considerable influence on how civil and criminal affairs are treated in the future. Many technological companies, including those involved in crypto and blockchain, deposit in the ninth circuit, if applicable.
In 2024, a panel of three circuit judges partially reversed an alleging collective appeal that Binance.us had manipulated the price of hex (hex). NVIDIA, the California-based semiconductor company, has traveled the ninth circuit in a 2018 case presented by some of its shareholders on sales that are not disclosed to cryptographic minors.
https://www.youtube.com/watch?v=Sumyssrjvzm
Tuesday, Tung was appointed was received by the Senate and referred to the judicial power committee. It is not known when the Chamber will envisage a vote on the potential federal judge, because the House of Representatives and the Senate have focused on the adoption of three bills related to digital assets.
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