The U.S. Securities and Exchange Commission (SEC) has transferred Jorge Tenreiro, a prominent legal expert who led lawsuits against cryptocurrency exchanges, from his position to a role in the agency's information technology office. This move follows political changes in Washington, with President Donald Trump back in office and the SEC under Republican control. It suggests the agency is softening its stance on cryptocurrencies, with Trump recently showing support for digital assets and calling for new regulations. Tenreiro's reassignment is notable as his tenure was not a political appointment, and his approach relied on litigation to establish the SEC's jurisdiction over digital assets. Industry observers expect ongoing crypto lawsuits to be resolved or dismissed under the SEC's new leadership.



Other News from Today