According to BlockBeats, the U.S. Securities and Exchange Commission (SEC) has reassigned its Chief Litigation Lawyer, Jorge Tenreiro, to the IT department responsible for maintaining the agency's computer systems. This move, reported by The Wall Street Journal on February 5, comes after Tenreiro led six significant lawsuits against various cryptocurrency trading platforms.
In addition to Tenreiro's reassignment, the SEC has also made changes to the position of a lawyer involved in drafting cryptocurrency custody accounting guidelines. These guidelines had previously posed challenges for banks offering cryptocurrency custody services to clients.