A new Wall Street Journal (WSJ) report revealed that the United States Securities and Exchange Commission (SEC) has reassigned Jorge Tenreiro, its Chief Litigation Counsel amid shift in crypto regulations. Tenreiro was reassigned to the commission’s IT department.
It is worth noting that Tenreiro played a significant part in the lawsuits that involved several top cryptocurrency exchanges, including blockchain payment firms Ripple and Coinbase.
Enforcer who Slammed Crypto Firms to Take New Role Within SEC
Tenreiro has moved from overseeing a half-dozen lawsuits against crypto exchanges to maintaining the agency’s computer systems.
In addition to transferring the litigation officer, the SEC, under Mark Uyeda’s temporary regime, also repositioned a lawyer involved in developing accounting guidelines for crypto custody.
This recent move reflects the new administration’s efforts to change the crypto regulation trends in the US.
Before Donald Trump stepped into power in
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