SEC Judge Who Signed Off on Ripple Case Appeal Moves to IT Department
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The U.S. Securities and Exchange Commission (SEC) has made a significant shift in its personnel, moving its Chief Litigation Lawyer, Jorge Tenreiro, to a position in the IT department. This department handles the agency’s computer systems. The decision, reported by The Wall Street Journal on February 5, comes after Tenreiro was heavily involved in leading six high-profile lawsuits, particularly in the cryptocurrency space, against major firms such as Ripple, Coinbase, and Tron. Tenreiro was one of the SEC executives who approved the appeal against Ripple. The notice of appeal, filed on October 2, 2024, challenged the court’s ruling by Judge Torres. Background on Tenreiro’s SEC Role Tenreiro, who was promoted to head the SEC’s litigation efforts late last year, had previously been with the SEC’s crypto assets and cyber unit. He joined the unit in October 2022 as deputy chief and became acting chief in June 2023. Under the leadership of former SEC Chair gary gensler gary gensler Gary Gensler is a pioneer and the current chair of the U.S. Securities and Exchange Commission. He has extensive experience that spans Wall Street, government regulation, and an angel teaching about cryptocurrencies and blockchain at MIT. Gary S. Gensler was on born October 18, 1957, in Baltimore, Maryland.He graduated from Pikesville High School in 1975, where he was later given a Distinguished Alumnus award. He also earned a degree in economics.Gensler served in the United States Department of the Treasury as Assistant Secretary for Financial Markets from 1997 to 1999, then as Undersecretary for Domestic Finance from 1999 to 2001He has expressed his desire to present crypto-related approach changes later on that include token commitments, decentralized finance, stablecoins, guardianship, exchange-traded resources, and advancing stages. Chairman Tenreiro played a pivotal role in overseeing enforcement actions targeting prominent cryptocurrency firms. The reassignment to the…
Filed under: News - @ February 6, 2025 9:19 am