Veda Protocol, a decentralized finance (DeFi) platform, has made a major legal appointment as it prepares for rapid expansion. TuongVy Le, a former senior counsel at the U.S. Securities and Exchange Commission (SEC), has been named General Counsel at Veda, bringing deep regulatory experience to the growing cross-chain yield platform.
Bridging Regulation and DeFi Innovation
TuongVy Le spent nearly six years at the SEC, where she played a key role in shaping early digital asset policy and enforcement. Her experience spans early investigations into crypto offerings, including high-profile cases involving unregistered token sales and securities violations. Le also contributed to policy development while working closely with Congress and represented the SEC on global financial advisory committees.
Her transition to Veda signals the increasing integration of traditional financial oversight with emerging blockchain technologies.
Before joining Veda, she served as General Counsel at Anchorage Digital, a regulated crypto custody firm, and later acted as an independent advisor across the industry.
Veda’s total value locked. Source: DeFiLlama
Veda Eyes Institutional DeFi Adoption
Veda, launched in 2024, focuses on tokenized DeFi vaults, including liquid staking and yield-bearing stablecoins. The protocol currently manages nearly $4 billion in total value locked (TVL), making it one of the most prominent DeFi platforms aimed at institutional users.
The recent $18 million funding round, backed by major VCs like Coinbase Ventures and CoinFund, highlights investor confidence in Veda’s institutional vision.
With Le on board, the platform is expected to scale its compliance infrastructure and navigate complex regulatory waters more effectively, especially as U.S. lawmakers advance crypto-focused legislation.
A Trend of Regulators Joining Crypto
Le’s move is part of a broader trend of former U.S. regulators entering the crypto space. From former SEC chairs to ex-CFTC leaders, many are now advising or joining blockchain firms as the sector matures.
This regulatory brainpower is helping crypto projects gain legitimacy, structure, and readiness for upcoming policy changes.
As Veda aims to expand its DeFi product suite, regulatory alignment will be key to building institutional trust and global market reach.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.