According to Odaily, Jorge Tenreiro, the acting head of the U.S. SEC's crypto and cybersecurity oversight division, has been appointed as the agency's Chief Litigation Counsel, broadening his responsibilities. Despite this change, Tenreiro is expected to maintain a stringent approach to regulatory enforcement. Investor protection and market integrity remain top priorities, even amidst shifting political landscapes.
Under Tenreiro's leadership, the SEC has initiated several high-profile cases against cryptocurrency companies. Notably, he played a pivotal role in the SEC's lawsuit against Ripple Labs and its executives, Brad Garlinghouse and Chris Larsen. As the chief attorney, Tenreiro managed allegations that XRP was an unregistered security. His new position indicates that while he supports cryptocurrency innovation, he will continue to enforce securities laws rigorously. The focus is likely to remain on ICOs, token offerings, and combating market manipulation within the cryptocurrency sector.
