Eric Tung, a corporate lawyer with a history of representation of cryptographic companies, is ready to join one of the most influential federal courts in the United States.
On Tuesday, the president of the United States, Donald Trump, sent the nomination of Tung to the Senate to be an US circuit judge.
Tung, partner of the Jones Day law firm since 2019, has had clients that include currency companies.
The judicial records show that Tung represented the Blockchain Association defense group while on the day of Jones in a case presented by six users of cash tornadoes against the United States Treasury Department. It also represented an investor that filed a lawsuit against HDR Global Trading Limited, the Bitmex Exchange matrix company.
If confirmed as a federal judge, he would probably cover appeals in cases involving companies based in Silicon Valley that are presented in the jurisdiction, which would include many cryptocurrency companies.
Surveillance flagadores Push deregulator
The appointment of Tung has generated criticism, with the responsible Watchdog organization. US says the potential judge could support the deregulation of digital assets as part of the Trump administration crypto agenda.
The president has already radically changed leadership in the financial agencies that supervise digital assets such as the United States Stock Exchange and Securities Commission, and has his choice in consideration in the Senate to lead the Commerce Commission of Basic Products Futures.
“Tung has built his career representing cryptographic companies that seek to avoid government regulation,” said Guardian dog, on a warning on Thursday.
“He worked as a lawyer from a Stablecoin provider in a brief argument that Stablecoins independent sales are not values. He represented the Blockchain association in a brief opposite regulation of immutable intelligent contracts. While representing an investment company that supported cryptographic companies, he argued by loose responsibility in a crypto tool.”
Coinlegraph contacted Tung to comment, but had not received an answer at the time of publication.
Related: The Court ends the treasure appeal of the center of La Moneda on the tornado in cash
Significant cryptographic cases have passed through the ninth circuit
Any federal judge who supervises the appeals can have a considerable influence on how civil and criminal cases are handled in the future. Many technology companies, including those involved with Crypto and Blockchain, are presented in the ninth circuit when appropriate.
In 2024, a panel of three judges in the circuit partially reversed a collective claim claiming that Binance.us had manipulated the price of hex (hex). Nvidia, the California headquarters with headquarters, went through the ninth circuit in a 2018 case presented by some of its shareholders on sales not revealed to cryptographic miners.
https://www.youtube.com/watch?v=sumyysrjvzm
Until Tuesday, the Senate had received the Tung nomination and referred to the Judiciary Committee. It is not clear when the Chamber will consider a vote about the possible federal judge, since both the House of Representatives and the Senate have focused on approving three bills related to digital assets.
Magazine: The Genius law reopened the door for a stable goal, but will it work?
