The 8th largest coin by market cap, TRON 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 made the announcement earlier today.
TRON 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.
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 is often considered a rival to the Ethereum blockchain in particular, as both focus strongly on dApp support. It was built as an alternative token development platform to Ethereum. As such, Sun regularly hits out at the Ethereum network.