The Securities and Exchange Commission (SEC) has reportedly transferred its chief litigation counsel, Jorge Tenreiro, from overseeing the Division of Enforcement's lawsuits and investigations to the agency's IT department. The SEC has also reassigned senior lawyer Natasha Guinan, who helped write the controversial 2022 crypto accounting rule, to an unknown role. The reported transfers come a day after the SEC started to scale back its 50-staff crypto enforcement unit, including one of the unit's top lawyers. President Donald Trump established a crypto working group to make a legal framework for the industry, and the SEC is now looking at retroactive relief for token offerings in some cases.