The SEC has hired Jorge Tenreiro, the former interim head of its crypto and cyber unit, as its chief litigation counsel. Tenreiro’s new responsibilities include overseeing the SEC’s enforcement cases and legal investigations across the country.
Tenreiro’s rise, as seen by a recent LinkedIn profile update, occurs just weeks before a new presidential administration with a pro-crypto position takes office. As top litigation counsel, Tenreiro will lead the SEC’s efforts to resolve legal disputes and regulatory concerns. Originally advertised at a salary of up to $305,000 per year, the position underscores the significant responsibilities involved.
Along with Tenreiro’s new position, other leadership changes have occurred at the SEC. Mark Sylvester, the previous assistant director of the crypto unit, and Laura D’Allaird, counsel to an outgoing commissioner, are now co-chiefs of the crypto and cyber units.
Tenreiro’s employment at the SEC began in October 2022 as deputy chief of the cryptocurrency branch. By June, he had taken over following David Hirsch’s departure. His leadership has been essential in high-profile lawsuits involving major cryptocurrency companies such as Kraken, Coinbase, Tron, and Ripple Labs. Under his leadership, the SEC reached its largest settlement in history, a $4.47 billion agreement between Terraform Labs and its former CEO.
Tenreiro has faced criticism throughout his career. Some industry advocates have questioned his approach to cryptocurrency regulation, particularly as the SEC continues to face difficult court challenges. His involvement in the agency’s multiyear action against Ripple Labs and other key industry players demonstrates his influence in creating the regulatory landscape.
As the crypto sector braces for future changes under the new administration, Tenreiro’s new role demonstrates the SEC’s continuous commitment to enforcement and oversight in an area undergoing rapid innovation.
