The U.S. Securities and Exchange Commission (SEC) has reassigned Jorge G. Tenreiro, a top litigator who signed the commission's appeal against Ripple, to the IT department, according to sources. This move is part of the SEC's efforts to downsize its crypto enforcement team and change its aggressive stance towards crypto. Several lawyers and staff members have already been reassigned to other departments. Tenreiro, who oversaw enforcement actions against crypto entities, including Ripple, is not favored by crypto enthusiasts. The SEC's appeal against Ripple is still ongoing, but speculations suggest that the commission might drop most lawsuits against businesses in the crypto sector as it shifts towards a more friendly approach. The confirmation of pro-crypto advocate Paul Atkins as chairman of the SEC could further influence the regulation of the crypto sector.



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