23 days ago

SEC Reshuffles Leadership as Jorge Tenreiro Steps into Top Litigation Role

The U.S. Securities and Exchange Commission (SEC) has appointed Jorge Tenreiro as its new chief litigation counsel, a move that comes just weeks before President-elect Donald Trump takes office. Tenreiro, formerly the acting chief of the SEC’s crypto and cyber unit, will now oversee enforcement lawsuits and investigations nationwide. His new position marks an important shift in the agency’s leadership at a critical time for the crypto industry. New SEC Leadership for the Crypto Unit This transition follows the departure of former SEC litigation chief Olivia Choe, who left the agency in July for a private sector role at Milbank LLP. Tenreiro’s tenure in the SEC’s crypto assets unit has been marked by high-profile cases, including lawsuits against major players like Kraken, Coinbase, Tron, and Ripple Labs. His team also led enforcement actions against FTX and Terraform Labs, with the latter resulting in a record $4.47 billion settlement earlier this year. Simultaneously, the SEC’s crypto and cyber unit has undergone its own leadership changes. Mark Sylvester and Laura D’Allaird have been named co-chiefs of the unit, succeeding Tenreiro in overseeing its crypto-related enforcement actions. Both have extensive experience within the SEC, with D’Allaird previously serving as counsel to outgoing Commissioner Jaime Lizárraga and Sylvester as the assistant director of the crypto unit. These appointments reflect a continued focus on cryptocurrency regulation, even as the incoming administration signals a potential easing of regulatory scrutiny. President-elect Trump’s pro-crypto stance and plans to reform the SEC’s approach could reshape the agency’s enforcement priorities. However, Tenreiro’s leadership suggests the agency may continue its aggressive stance on crypto-related violations until any policy changes are formally enacted. Controversy and Criticism Follow Tenreiro The recent leadership change has not been without controversy. Crypto lawyer John Deaton recently criticized him, calling him one of the least desirable lawyers for the crypto industry to hire if he ever leaves the SEC. The criticism highlights tensions between the agency and the crypto community, which has often accused the SEC of overreach and inconsistent regulation. As the Trump administration prepares to take office, the SEC’s reshuffled leadership faces a critical moment in shaping the future of cryptocurrency regulation. Whether Tenreiro’s tenure as chief litigation counsel marks continuity or change remains to be seen, but his history suggests a firm commitment to robust enforcement. The post SEC Reshuffles Leadership as Jorge Tenreiro Steps into Top Litigation Role appeared first on TheCoinrise.com .

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Ali Martinez Predicts Dogecoin’s Potential Price Surge

Ali Martinez predicts a possible price surge for Dogecoin. Historical cycles suggest significant growth could happen in 2024. Continue Reading: Ali Martinez Predicts Dogecoin’s Potential Price Surge The post Ali Martinez Predicts Dogecoin’s Potential Price Surge appeared first on COINTURK NEWS . The Coin Rise

USV Transfers $54.56M In $UNI To Coinbase Prime Amid Increased Institutional Interest

Union Square Ventures (USV) has continued its active movement of $UNI tokens, transferring 578,000 $UNI (valued at $8.45 million) to Coinbase Prime just eight hours ago. This marks the latest in a series of transactions that began on December 6. Over the past three weeks, USV has transferred a total of 3.511 million $UNI tokens, worth approximately $54.56 million, to Coinbase Prime. These tokens, originally acquired through USV’s investment in 2020, have an average transfer price of $15.53 per token. Despite these substantial transactions, USV still holds an impressive 10.364 million $UNI tokens, valued at $149.66 million, further cementing its position as a significant $UNI holder. USV 在 8 小时前继续向 Coinbase Prime 转移了 57.8 万枚 $UNI ($8.45M)。 USV 从 12/6 开始将 2020 年通过投资获得的 UNI 转移至 Coinbase Prime，目前在三周时间里累计转移了 351.1 万枚 UNI ($54.56M)，均价 $15.53。现在 USV 地址还持有的 UNI 数量为 1036.4 万枚 ($149.66M)。… https://t.co/ULpXyrgLJb pic.twitter.com/o9uqdyj7Pd — 余烬 (@EmberCN) December 25, 2024 Meanwhile, Grayscale’s DeFi Investment Fund, established in 2021, has also turned its attention to $UNI. The fund has recently begun promoting its holdings, which currently include tokens worth $6.7 million. Of this, a significant 57%—approximately $4 million—is allocated to $UNI, underscoring the growing institutional confidence in the token’s potential. 灰度的这支defi 投资基金是21年的时候就建立了，直到最近开始推广这只基金股，目前管理价值670万美元的token，其中57％的资金是购买 $UNI 大概400万美元的代币！后续一定会稳步增长，看好DEFI就买 $UNI 就对了！ pic.twitter.com/J4RKLrzZ9r — 以太坊老张.eth (@ytflzyyds) December 24, 2024 These developments signal a bullish outlook for $UNI, as major players like USV and Grayscale continue to show strong interest. The consistent activity from institutional investors highlights the token’s prominence within the DeFi space and suggests that $UNI is poised for steady growth in the near future. This rising institutional engagement could serve as a catalyst for further adoption and price appreciation. Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services. Follow us on Twitter @nulltxnews to stay updated with the latest Crypto, NFT, AI, Cybersecurity, Distributed Computing, and Metaverse news ! The Coin Rise