Why the room needs them.
TuongVy Le is General Counsel of Veda, and spent almost six years at the US Securities and Exchange Commission as Senior Counsel and then Chief Counsel. Veda builds vault infrastructure for institutional on-chain yield. She spoke at Proof of Talk Paris 2026 on the Taostats Stage, on lending, liquidity and risk in DeFi yield.
The full account.
TuongVy Le is General Counsel of Veda, the trading name of Veda Tech Labs Inc., a Delaware corporation. Veda describes its vaults as powering institutional onchain yield with built-in risk and compliance controls. She spoke at Proof of Talk Paris 2026 as a panellist on "Building Sustainable Yield in DeFi: Lending, Liquidity and Risk", a 13:35 session on the Taostats Stage on 3 June, alongside Xiao-Xiao J. Zhu, President of Jupiter, and Travis Hayes, Head of Capital Markets at Temple, in a session moderated by Christine Lee, an adviser to Quantena.org.
She joined Veda in July 2025 to lead legal, compliance and policy. The company said at the time that it was powering over $4 billion in assets. Before that she was General Counsel of Anchorage Digital, announced in March 2024, which describes itself as the first and only crypto-native company to secure a federal bank charter from the US Office of the Comptroller of the Currency. Earlier she was Partner and Head of Regulatory and Policy at Bain Capital Crypto, and Deputy General Counsel and Compliance Officer at Worldcoin.
She is a graduate of Yale Law School and began her legal career at WilmerHale. She then spent almost six years at the US Securities and Exchange Commission, first as Senior Counsel in the Division of Enforcement and later as Chief Counsel in the Office of Legislative and Intergovernmental Affairs, where she advised Congress on some of its earliest draft crypto legislation. In June 2023 she was named to the Digital Asset Markets Subcommittee of the CFTC's Global Markets Advisory Committee, listed then as Partner and Head of Regulatory & Policy at Bain Capital Crypto.
Much of her recent work is written. In March 2026 Veda submitted a letter she authored to the SEC and the CFTC, arguing that non-custodial smart-contract vaults can meet qualified-custody and customer-property segregation requirements if seven guardrails are met. A joint Veda and Bluprynt brief to the SEC followed in June 2026, arguing that custody regulation should turn on the protections an arrangement delivers rather than the institutional form it takes. She has carried bylines in American Banker, Traders Magazine and CoinDesk, and is a co-host of DEX in the City, a weekly crypto legal podcast on the Unchained network, with Jessi Brooks and Katherine Kirkpatrick Bos. In July 2026 she joined The Digital Chamber's Decentralization Working Group Leadership Committee.
What Tuongvy believes about the next ten years.
Years of shipping.
Lines that keep proving correct.
“Before asking which regulatory regime applies, we should ask a simpler question: Where do investors still have to trust a third party with legally significant authority over their assets?”
“There's real momentum among institutions and fintechs moving into DeFi. Veda understands what it takes to support that shift both technically and legally. I'm here to ensure the platform meets the expectations of serious, long-term players in the space.”
“Joining more conversations about how DeFi infrastructure like vaults can be offered safely is critical to Veda's mission to bring the world's wealth onchain.”
What they have built, written, and backed.
Built
- Veda's case to US regulatorsShe authored Veda's March 2026 letter to the SEC and the CFTC, which argued that non-custodial smart-contract vaults can meet qualified-custody and customer-property segregation requirements if seven guardrails are met. Veda and Bluprynt followed with a joint brief to the SEC in June 2026, arguing that recognition should turn on the protections an arrangement delivers rather than the institutional form it takes. Veda also filed a response to the Senate Banking Committee's request for information on digital-asset market structure in August 2025.
- The legal function at VedaHired in July 2025 to lead legal, compliance and policy for a company that said at the time it was powering over $4 billion in assets. Veda reports that its vaults sit behind Kraken Earn, whose deposits it said exceeded $400m on 10 June 2026, and behind MetaMask's Money Account, announced on 30 June 2026.
- A written record in 2026Bylines this year include 'Vaults, the Securities Laws, and the Architecture of Trust' in Traders Magazine (6 August), 'This Is the Stripe Moment for Onchain Finance' on Veda's blog (11 June), 'The OCC must act before banks lose out on the crypto custody market' in American Banker (9 April) and 'The Fight Over Stablecoin Yield Isn't Really About Stablecoins' in CoinDesk (January). Her published-work index also lists 'Fairness by Design: Verifiable Execution in On-Chain Markets', posted to SSRN in January 2026 and published by the Stanford Journal of Blockchain Law & Policy on 30 June 2026.
- DEX in the CityCo-host of the weekly crypto legal podcast on the Unchained network, livestreamed on Tuesdays at 12pm ET with Jessi Brooks of Ribbit Capital and Katherine Kirkpatrick Bos, General Counsel of StarkWare. She describes herself on her own link hub as "a crypto General Counsel, recovering SEC lawyer but forever capital markets nerd".
The next Proof of Talk is in Abu Dhabi.
Louvre Abu Dhabi, 3–4 December 2026. Admission is by application, and the room is capped at 2,000.
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