SEC Lawyer in Ripple Case Promoted, but Good News
The SEC named Jorge G. Tenreiro, the primary attorney in its Ripple litigation, Chief Litigation Counsel. This promotion comes while the SEC appeals its partial defeat from earlier this year. Since Tenreiro is not anti-crypto, XRP supporters remain hopeful.
Will Tenreiro's Appointment Threaten Ripple?
XRP users are divided over the decision. Pro-XRP attorney Fred Rispoli lamented but saw possibility. This is disheartening, but there are positives. Tenreiro has no morals and will do anything his master says. “He could be pro-crypto tomorrow for the right price,” Rispoli remarked.
He said, “Second, he can always get shit-canned.” If Tenreiro doesn't embrace a crypto-friendly stance under Trump, the SEC shake-up might lead to his departure.
Though frustrating, there are bright sides. Tenreiro has no morals and will do anything his master says. He might support crypto tomorrow for a higher title, promotion, or power.
With these events, curiosity about the SEC's Ripple attitude grows. Some netizens think the agency may dismiss its appeal when President-elect Donald Trump takes office on January 20, 2025, and SEC Chair Gary Gensler resigns. According to reports, pro-crypto enthusiast Paul Atkins may succeed Gensler, boosting XRP's excitement.
The Ripple case has dominated crypto regulatory talks and affected the sector. Many are looking to see how SEC leadership changes may affect enforcement.
For now, Tenreiro's rise shows the SEC's commitment to anti-crypto litigation. Trump wants the CFTC to take over part of the crypto regulating job in 2025, which would change the scenario.