The U.S. Securities and Exchange Commission (SEC) is undergoing significant adjustments in its personnel related to cryptocurrency, signaling a major shift in the agency's approach to crypto.

Key figures being transferred

According to The Wall Street Journal, #SEC has transferred Jorge Tenreiro, who previously served as the interim director of the cryptocurrency division, to the computer systems management department. Previously, he was a key figure in major lawsuits against Ripple and Coinbase.

In addition, Natasha Guinan, a senior attorney at the comptroller's office, has also been transferred to an undisclosed position. Guinan was involved in drafting regulation SAB 121 – a regulation that caused controversy by requiring banks to account for cryptocurrencies as a liability rather than an asset. #SAB121 was rejected by both the U.S. Senate and House of Representatives, but was still vetoed by President Biden.

SEC cuts crypto law enforcement division

According to The New York Times, the SEC is downsizing its crypto enforcement division, with a top attorney also being transferred. It is unclear whether this individual is Jorge Tenreiro.

In addition to the cuts, the SEC also announced the establishment of a dedicated team for digital currency policy, led by Commissioner Hester Pierce – who has a more open stance toward crypto.

Is the Trump administration facilitating crypto?

These moves may reflect President Donald Trump's commitment in his election campaign. Previously, Trump had stated he would support the crypto industry and reverse the SEC's tough policies.

On January 24, the President $TRUMP signed the first crypto executive order, aiming to establish a special task force to develop a new legal framework for crypto. Two days prior, he also directed the establishment of a national investment fund, but it is unclear whether this fund will include Bitcoin.

Conclusion

With the personnel changes at the SEC and the direct involvement of the Trump administration, the crypto market may be about to enter a new phase, with many opportunities but also significant challenges. Could this be a positive signal for Bitcoin and the crypto market in the near future? Let's wait for the next developments! #anhbacong