SEC Transfers Top Crypto Litigator to IT Department

In what is yet different awesome of its shifting absorption toward the plus class, the US Securities and Exchange Commission (SEC) has transferred 1 of its apical crypto litigators to its IT department. Indeed, Jorge Tenreiro has been moved to an “office that maintains the agency’s machine systems,” according to the Wall Street Journal.

The determination continues its pursuit to overhaul its cryptocurrency policy. Indeed, since US President Donald Trump was inaugurated for his 2nd term, the SEC has undergone a monolithic transformation. Under the acting chairman, Mark Uyeda, it has continued to find peaceful routes guardant with the integer plus industry.

JUST IN: SEC transfers apical crypto litigator Jorge Tenreiro to IT department.

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SEC Top Crypto Litigator Jorge Tenrerio Ousted arsenic Agency Shfit Continues

For the past respective years, the SEC had antecedently go good known for its antagonistic attack to the cryptocurrency market. Led by Gary Gensler, it sought to modulate the manufacture by enforcement. However, that changed this year. With the accomplishment of pro-crypto President Donald Trump, determination was a concerted effort to completely overhaul the agency’s crypto policy.

Now it appears that portion of that was moving 1 of the men who played a ample relation successful those enforcement actions that the bureau enacted. Indeed, the SEC has transferred a apical crypto litigator to its IT department, according to a Wall Street Journal report.

Source: Pensions & Investments

Also Read: US Court Demands SEC Explain Denial of Crypto Regulations

Jorge Tenreiro had “overseen a half-dozen lawsuits against crypto exchanges,” the study notes. Moreover, Tenreiro was reportedly a cardinal portion of the decision-making process. Specifically, helium was portion of the bureau that was cardinal successful deciding the scope the bureau had implicit the increasing market.

Yet, that changed with his reassignment. According to the publication, helium was moved to an IT section on with a lawyer who was “involved successful penning arguable accounting guidelines” to marque it much hard for banks to support crypto for their clients.

The SEC has yet to remark connected the moves, but it aligns with its ongoing shift. The incoming medication has already sought to enact a crypto stockpile. Additionally, they are inactive eyeing the instauration of the archetypal national Bitcoin reserve.