A company that is changing the way the world mines bitcoin

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.

Наиболее читаемые новости

Trump Confirms Paul Atkins As SEC Leader To D...
2024-12-04
Trump Confirms Nomination of Paul Atkins as S...
2024-12-04
Binance and WazirX Among Crypto Exchanges Und...
2024-12-04
Ethereum Maintains Stability as Other Altcoin...
2024-12-04
SPX6900 price prediction 2024-2030: Will SPX6...
2024-12-04
Crypto Boom Ahead? Trump’s SEC Chair Pick Poi...
2024-12-04
BCH Futures Surge Amidst Record Open Interest...
2024-12-04
BIT Mining Continues Focus on Litecoin and Do...
2024-12-04

Связанные новости

Прочтите Отказ от ответственности : Весь контент, представленный на нашем сайте, гиперссылки, связанные приложения, форумы, блоги, учетные записи социальных сетей и другие платформы («Сайт») предназначен только для вашей общей информации, приобретенной у сторонних источников. Мы не предоставляем никаких гарантий в отношении нашего контента, включая, но не ограничиваясь, точность и обновление. Никакая часть содержания, которое мы предоставляем, представляет собой финансовый совет, юридическую консультацию или любую другую форму совета, предназначенную для вашей конкретной опоры для любых целей. Любое использование или доверие к нашему контенту осуществляется исключительно на свой страх и риск. Вы должны провести собственное исследование, просмотреть, проанализировать и проверить наш контент, прежде чем полагаться на них. Торговля - очень рискованная деятельность, которая может привести к серьезным потерям, поэтому проконсультируйтесь с вашим финансовым консультантом, прежде чем принимать какие-либо решения. Никакое содержание на нашем Сайте не предназначено для запроса или предложения