XRP News Today: Ripple Case Lead Counsel Tenreiro Joins Private Firm Amid Legal Criticism

Generated by AI AgentCoin World
Monday, Aug 25, 2025 3:26 pm ET1min read
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Aime RobotAime Summary

- Jorge Tenreiro, former SEC lead counsel in the Ripple case, joined Bernstein Litowitz as a partner, emphasizing his civil litigation expertise in high-profile crypto cases.

- Critics like Bill Morgan accuse Tenreiro of omitting key details about the SEC's "two-thirds loss" in the Ripple/XRP case, where XRP secondary sales were ruled non-securities.

- Morgan criticized Tenreiro's legal strategy and courtroom conduct, including undermining Ripple's amicus representative, while acknowledging his new role's potential impact on SEC enforcement.

- Tenreiro's departure reflects broader debates over SEC's crypto regulatory approach and how past litigation setbacks influence future enforcement strategies in blockchain cases.

Jorge Tenreiro, who served as lead counsel for the U.S. Securities and Exchange Commission (SEC) in its high-profile legal battle against Ripple Labs, has joined Bernstein Litowitz Berger & Grossmann LLP as a partner [1]. The firm’s published profile emphasizes Tenreiro’s leadership in the SEC’s national civil litigation program and his involvement in major cases against figures and companies such as Sam Bankman-Fried, Terraform Labs, and Binance [2]. It also highlights his courtroom successes in securities fraud and cryptocurrency-related litigation, including the SEC v. Terraform and SEC v. Telegram Group, Inc. [3].

Despite these accomplishments, some observers have noted that the firm’s profile omits key details about Tenreiro’s role in the SEC’s case against Ripple. Bill Morgan, a prominent digital asset advocate and attorney, has publicly criticized this omission, noting that the SEC faced a “two-thirds loss” in the case after a court ruled that

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sales on secondary markets did not constitute securities transactions [1]. The SEC initially appealed the ruling but later dismissed the appeal, a move that Morgan interpreted as a significant concession [2]. He argued that Tenreiro’s legal strategy—particularly the theory that XRP itself functioned as a security—was flawed and ultimately unsustainable [3].

Morgan also expressed criticism of Tenreiro’s conduct during the trial, including what he described as an attempt to undermine the reputation of Ripple XRP holder representative John Deaton, who served as amicus curiae in the case. Morgan described this moment as “ignoble” and used it to critique Tenreiro’s litigation style [3]. Nevertheless, he concluded his remarks with a wish for Tenreiro’s success in his new position.

Tenreiro’s transition from the SEC to private practice marks a significant shift in the agency’s enforcement landscape. His departure comes amid broader debate over the SEC’s approach to regulating digital assets and the extent to which legal teams acknowledge past setbacks in high-profile cases. As the agency continues to handle complex litigation involving blockchain technology, the departure of key figures like Tenreiro may influence the tone and strategy of future enforcement actions [1].

Source:

[1] title: Lead Counsel for the SEC in the Ripple (XRP) Case Gets New Job

url: https://timestabloid.com/lead-counsel-for-the-sec-in-the-ripple-xrp-case-gets-new-job/

[2] title: XRP News Today: Bill Morgan Slams Tenreiro for Omitting ...

url: https://www.ainvest.com/news/xrp-news-today-bill-morgan-slams-tenreiro-omitting-ripple-court-loss-bio-2508/

[3] title: Bill Morgan Calls Out Tenreiro on Ripple Court Loss

url: https://coinedition.com/xrp-advocate-slams-ex-sec-counsel-tenreiro-for-omitting-ripple-case-loss-in-bio/