SEC’s Crypto Cop Tenreiro to Head the Litigation

SEC’s Tenreiro is the New Litigation Head

SEC’s Crypto Cop Tenreiro Now Agency’s Litigation Head

The United States Securities and Exchange Commission’s former crypto unit chief Jorge Tenreiro is now its chief litigation council. Tenreiro will be leading the lawsuits and legal probes across the country.

Jorge Tenreiro – The New Head for Overall Litigation Efforts

Formerly the acting chief of the SEC’s crypto and cyber unit, Jorge, the top cop, is now the head for the agency’s litigation efforts. Interestingly, this news has come in just weeks before Trump takes over the White House administration. Tenreiro recently changed his LinkedIn profile title.

As the SEC’s chief litigation counsel, he’ll be overseeing its Division of Enforcement lawsuits and investigations that would cover all of the country. As the job position is now closed, the role is known to have been advertised for a salary of $305,000 a year.

A Few Other Profile Changes

As Jorge makes changes to his profile on LinkedIn, there were two more profiles that saw changes yesterday only. The crypto unit’s former assistant director, Mark Sylvester, and the former counsel to outgoing commissioner Jaime, Laura D’allaird, had their LinkedIn profiles’ titles changed to new co-chiefs of the crypto assets and cyber unit.

The US SEC’s Chair Gary Gensler is also to step down on the 20th of January.

Tenreiro’s Journey in the United States’ SEC

Tenreiro first joined the SEC’s crypto assets and cyber unit in October 2022 as its deputy chief. He took over in June after the departing of the former boss, David Hirsch. Now, he has replaced former chief Olivia Choe, who left the agency in July to work as a partner at the international law firm Milbank LLP, as per her LinkedIn profile.

Meanwhile, Tenreiro has lead the agency’s multiple lawsuits, that too, against some of the top players of the industry. To name a few of them, they include exchanges Kraken and Coinbase, blockchain firm Tron and founder Justin Sun, and not to forget, the multi-year legal battle against Ripple Labs.

Earlier this year, the unit also scored the biggest-ever settlement of the SEC that involved a sum of $4.47 billion. Furthermore, Tenreiro’s been there when two SEC lawyers resigned post the agency’s sanction for lying about evidence against Debt Box, crypto company.

Pro-crypto Trump’s Administration About to Begin

Tenreiro’s rise is of special interest because, as mentioned, Trump administration is about to begin again and the newly-elected president is one who’s promised to make things easier for the crypto industry’s regulatory scrutiny. The new litigation head is not short of critics in the industry, though, and the same is visible in some of the tweets on X.