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Jorge Tenreiro has been appointed as the chief litigation counsel for the Securities and Exchange Commission (SEC).
This expands on his previous role as the acting head of the crypto and cyber security oversight division, with the attorney adding the job to his LinkedIn profile.
On the social networking platform, it states Tenreiro started the position in December of 2024, with his time as the previous ‘Deputy Chief Crypto Assets & Cyber Unit’ ending in November.
Interestingly, this promotion comes just weeks ahead of Donald Trump entering into office for the second time. Trump has focused on creating a crypto-friendly administration, with several promises made throughout his campaign.
The cryptocurrency industry hopes Trump’s resurgence as President will bring clear regulatory guidelines and innovation within the space.
Throughout his time at the SEC, Tenreiro history could suggest the continued thorough enforcement of regulations. It’s during his time as acting chief that the SEC has pursued a number of high-profile cases against crypto companies.
In his new role, his responsibilities will expand to playing a substantial role in shaping landmark crypto regulation cases with his decisions potentially defining new legal standards in cryptocurrency.
SEC chief litigation counsel promotion takes place
With Trump set to take office in January, it’s expected he will embark on a significant rollback of SEC crypto regulations.
It was also reported that the incoming administration wants to expand the power of the Commodity Futures Trading Commission (CFTC).
A report suggests the CFTC could be granted oversight of a significant portion of the $3 trillion digital asset industry. If the rumors are correct, this move could see the regulatory power of the SEC reduced.
Currently, the SEC has the power over the digital asset industry under President Biden and the outgoing chairman, Gary Gensler.
While the CFTC oversees the $20 trillion U.S. derivatives market which includes the trading of futures and options, as well as commodities like oil, gold, and wheat.
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