CoinInsight360.com logo CoinInsight360.com logo
A company that is changing the way the world mines bitcoin

WallStreet Forex Robot 3.0
BTC Pulse 2024-12-03 15:49:31

Jorge Tenreiro Becomes SEC’s Chief Litigation Counsel, Leaving Crypto Unit Leadership

Former Crypto Unit Chief Steps Up The former head of the U.S. Securities and Exchange Commission’s crypto and cyber unit has been appointed as the agency’s chief litigation counsel. In the lofty role, Tenreiro will supervise the lawsuits and investigations within the Division of Enforcement that provide the backbone of the SEC’s regulatory work across industries. Tenreiro’s Path to Leadership Joining the SEC’s crypto assets and cyber unit as deputy chief in October 2022, Tenreiro rapidly rose to take the helm of the division when his predecessor, David Hirsch, left the agency in mid-2023. Under his tenure, the crypto unit launched several high-profile enforcement actions, including lawsuits against major exchanges such as Coinbase and Kraken, and a lengthy court fight with Ripple Labs. His notable achievements included the record settlement of $4.47 billion from Terraform Labs and its former CEO, Do Kwon, in what became the largest settlement in the history of the SEC. This historic settlement showcased Tenreiro as an aggressive enforcer within the financial world. A Controversial Figure Tenreiro’s hard-nosed approach to crypto enforcement has earned him praise and criticism in equal measure. Observers within the industry applaud him for holding players in an unregulated market to account, while critics such as crypto lawyer John Deaton claim that he has overplayed his hand, stifling innovation. His name is also associated with controversial cases, such as the SEC’s lawsuit against Terraform Labs and the accusations of misconduct during the agency’s probe into crypto firm Debt Box that forced two SEC attorneys to resign. A New Leadership Landscape Tenreiro’s appointment comes amid broader changes at the top of the SEC. Laura D’Allaird and Mark Sylvester have been appointed co-chiefs of crypto assets and cyber, a role previously held by Tenreiro. Meanwhile, Tenreiro’s elevation to the position comes amid the most politically charged era and possible regulatory changes under a new administration. President-elect Donald Trump’s promise to scale back scrutiny of the crypto industry could go a long way in determining the tone for the SEC’s enforcement agenda. By taking up the mantle, Tenreiro will be positioned at the fulcrum point to dictate not just the SEC’s enforcement game but probably that of crypto regulation in the United States.

Leggi la dichiarazione di non responsabilità : Tutti i contenuti forniti nel nostro sito Web, i siti con collegamento ipertestuale, le applicazioni associate, i forum, i blog, gli account dei social media e altre piattaforme ("Sito") sono solo per le vostre informazioni generali, procurati da fonti di terze parti. Non rilasciamo alcuna garanzia di alcun tipo in relazione al nostro contenuto, incluso ma non limitato a accuratezza e aggiornamento. Nessuna parte del contenuto che forniamo costituisce consulenza finanziaria, consulenza legale o qualsiasi altra forma di consulenza intesa per la vostra specifica dipendenza per qualsiasi scopo. Qualsiasi uso o affidamento sui nostri contenuti è esclusivamente a proprio rischio e discrezione. Devi condurre la tua ricerca, rivedere, analizzare e verificare i nostri contenuti prima di fare affidamento su di essi. Il trading è un'attività altamente rischiosa che può portare a perdite importanti, pertanto si prega di consultare il proprio consulente finanziario prima di prendere qualsiasi decisione. Nessun contenuto sul nostro sito è pensato per essere una sollecitazione o un'offerta