SEC Veteran Joins DeFi Firm Veda Amid Regulatory Clarity Discussions
Decentralized finance platform Veda has appointed a former US Securities and Exchange Commission (SEC) official to its leadership team. This strategic move supports Veda’s expansion of cross-chain yield products targeting institutional investors.
Veda Appoints Ex-SEC Official as General Counsel
TuongVy Le, who spent nearly six years at the SEC as chief counsel and senior adviser, has joined Veda in the role of General Counsel. The announcement was made Tuesday.
“What drew me to crypto was the chance to help build a financial system that’s more transparent, programmable and accessible from the ground up. My experience in TradFi, the SEC, and across the crypto industry helps me bridge multiple worlds: bringing regulatory rigor to crypto while also helping policymakers understand what’s genuinely new and valuable here.”
Extensive Experience in Early Crypto Regulation
During her tenure at the SEC, Le advised Congress on early drafts of digital asset legislation and served on the Commodity Futures Trading Commission’s (CFTC) Global Markets Advisory Committee.
According to her LinkedIn profile, Le was involved in some of the SEC’s earliest crypto enforcement actions. She served in the SEC’s Enforcement Division from 2016 to 2021 — a pivotal period in the agency’s crackdown on unregistered securities offerings tied to initial coin offerings (ICOs).
Notable during this period included enforcement actions against BitConnect’s lending program and LBRY, and an early DeFi-related charge against Blockchain Credit Partners.
Veda Strengthens Position with Strategic Funding
The appointment of Le came one month after Veda secured $18 million in funding from several venture capital investors, including Coinbase Ventures, CoinFund and Animoca Ventures.
Veda’s Platform and Market Position
Veda launched in 2024 as a protocol for tokenizing DeFi applications. The DeFi vault platform has nearly $4 billion in total value locked (TVL).
The platform offers yield-bearing stablecoins and liquid staking tokens, enabling cross-chain yield opportunities for institutional investors.
Former Regulators Migrate to Crypto Industry Trend
A growing number of former US regulatory officials have transitioned into roles within the crypto industry. Many made this shift well before the administration of US President Donald Trump.
This trend continues ascrypto gains attention, with several pro-industry bills advancing through Congress.
The Digital Asset Market Clarity (CLARITY) Act, the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act, and the Anti-CBDC Surveillance State Act seek to provide greater regulatory certainty for the sector, paving the way for broader adoption.
