Future

Impact

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/sec-appoints-lead-attorney-jorge-g-tenreiro-as-chief-counsel/" data-wpel-link="internal" rel="noopener noreferrer nofollow">SEC Appoints Lead Attorney Jorge G. Tenreiro as Chief Counsel</a><br></p>
<p style="text-align: justify">The U.S. Securities and Exchange Commission (<a href="https://en.coin-turk.com/bitcoin-and-altcoins-experience-price-declines/" data-wpel-link="internal" rel="noopener noreferrer nofollow">SEC</a>) has appointed Jorge G. Tenreiro, the lead attorney in the Ripple case, as Chief Counsel. This appointment has sparked various discussions within the <a href="https://en.coin-turk.com/cme-ousts-binance-from-the-throne/" data-wpel-link="internal" rel="noopener noreferrer nofollow"></a><a href="https://en.coin-turk.com/bitcoin-and-altcoins-surge-as-crypto-exchanges-see-massive-withdrawals/" data-wpel-link="internal" rel="noopener noreferrer nofollow">crypto</a> market. The SEC’s decision indicates that despite expectations for crypto-friendly regulations following Donald Trump’s election victory, the agency maintains a strict stance towards the digital asset space.</p>
<h2 id="impact-of-the-appointment-on-the-crypto-market">Impact of the Appointment on the Crypto Market</h2>
<p style="text-align: justify">Tenreiro’s joining the SEC has intensified speculation in the market, contrary to expectations of a more lenient approach from the agency. He had faced criticism from the crypto community for his aggressive stance against crypto assets.</p>
<p style="text-align: justify">XRP-friendly lawyer Bill Morgan criticized the appointment, stating that the agency would continue its tight oversight over crypto. Ripple’s CLO Stuart Alderoty advised market participants to “avoid hiring any lawyer who sues any crypto company or project.”</p>
<h2 id="future-steps-of-the-sec">Future Steps of the SEC</h2>
<p style="text-align: justify">Tenreiro’s appointment reveals the SEC’s intention to maintain stringent regulation of the crypto market. In his previous roles, Tenreiro has led some of the SEC’s most significant cases.</p>
<p style="text-align: justify">Investors are concerned that this development may have negative repercussions on the crypto market. Tenreiro’s new role within the agency could play a crucial part in shaping future SEC litigation.</p>
<p style="text-align: justify">In light of these developments in the crypto market, participants are closely monitoring the SEC’s future actions. Tenreiro’s leadership will be critical in determining the agency’s strategy regarding digital assets. Moreover, the new SEC Chairman will assume office after January 20, and significant changes among commission members are expected, suggesting that the impact of the SEC’s recent move may not be felt for long due to the current administration’s nearing end.</p>
<p style="text-align: justify">Given these developments, both investors and companies are keenly tracking the SEC’s forthcoming steps.</p>
<p>The post <a href="https://en.coin-turk.com/sec-appoints-lead-attorney-jorge-g-tenreiro-as-chief-counsel/" data-wpel-link="internal" rel="noopener noreferrer nofollow">SEC Appoints Lead Attorney Jorge G. Tenreiro as Chief Counsel</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal" rel="noopener noreferrer nofollow">COINTURK NEWS</a>.</p>

SEC Appoints Lead Attorney Jorge G. Tenreiro as Chief Counsel

Table of Contents

COINTURK NEWS

Other articles published on Dec 4, 2024

4 Best New Meme Coins to Buy and Hold for Short Term To Reap Big Gains

Moo Deng Price Prediction: MOODENG Plunges 19% As Investors Flock To This Meme Coin Rival Offerin...

3 Top Low-Cap Altcoins: Best to Buy Now

Justin Sun Drops $6.2M on Controversial Banana Art, Calls It a "Cultural Phenomenon"

Trump’s New Crypto Advisory Committee Expected to Create U.S. Bitcoin Reserve: Report

Crypto exchange volume hits record high: CCData

Join our free newsletter for daily crypto updates!