The post SEC moves top litigator to IT role appeared on BitcoinEthereumNews.com.

SEC has transferred one of its top lawyers to an IT role as its stance on crypto shifted. With SEC’s crypto stance shifting, there’s high speculation over how it will affect Ripple’s case. Since Trump’s political comeback, most governments have faced massive changes. As such, the U.S. Securities and Exchange Commission (SEC) has signaled its shift toward the previous administration’s treatment of crypto firms. In a major development, the agency has transferred one of its top crypto litigators to the IT department. SEC shifts crypto enforcer to IT role According to the official report, the SEC has started its journey to repair the already tainted relationship with the crypto community. As such, the agency has moved its top litigator to an office that deals with computer systems. Jorge Tenreiro who was actively involved in major lawsuits against crypto exchanges and other platforms was transferred to the IT department. During his time as the senior lawyer, Tenreiro took a major role in the writing of accounting guidance that made it difficult for banks to safeguard crypto for clients. He was key in deciding the extent of the reach that the SEC had on the crypto market. Now that the U.S. has a pro-crypto president, the commission is walking away from the antagonistic approach used earlier by Gary Gensler. Priorities for crypto task force This latest move by SEC arises as Hester Peirce outlined major priorities for the newly formed crypto task force under the Trump administration. According to Peirce, there are various issues that the task force will have to address. Firstly, the commission will determine the security statutes of various crypto assets. Secondly, the task force will work to define the boundaries of the SEC’s jurisdiction. Thirdly, the task force will establish a structured process that allows token offerings to acquire…

---

Filed under: News - @ February 6, 2025 1:20 pm