The 8th largest coin by market cap, Tron (available on Binance) is running away with the gains today. According to coinmarketcap.com, TRX is up over 12% on the day, selling for just under $0.03 USD.

The reason for its bull run is a somewhat tongue-in-cheek new hiring. The blockchain platform has hired a former US Securities and Exchange Commission (SEC) supervisory attorney as its first chief compliance officer.

Anyone else finding this news ironically wonderful?

Tron (available on Binance) made the announcement earlier today.

Tron (available on Binance) Hires Former SEC Attorney

David Labhart, who used to work for the SEC as an attorney, is also being given the task of co-general counsel at Tron (available on Binance).

The company is deemed somewhat controversial mostly thanks to the publicity stunts of CEO Justin Sun. 2018 has been a good year for the blockchain, however, and it has grown steeply; it currently boasts over 1 million registered users. Tron (available on Binance) is often considered a rival to the Ethereum (available on Coinbase) blockchain in particular, as both focus sTron (available on Binance)gly on dApp support. It was built as an alternative token development platform to Ethereum (available on Coinbase). As such, Sun regularly hits out at the Ethereum (available on Coinbase) network.