SEC Enforcement Chief Gurbir Grewal Resigns After 3 Years Leading Aggressive Crypto Crackdown
US Securities and Exchange Commission (SEC) director of enforcement Gurbir Grewal will step down on Oct. 11 after 3-years of leading the regulator in its aggressive policing of the crypto space. Deputy director of the SEC’s enforcement division, Sanjay Wadhwa, will serve as acting director until the agency selects a permanent replacement for Grewal, according to an Oct. 2 press release . Gurbir Grewal Recommended Over 100 Enforcement Actions Against Crypto Firms The SEC praised Grewal for his hard work during his time as the regulator’s chief enforcer, and said that it has been “incredibly fortunate that such an accomplished public servant” has led the SEC’s enforcement division in the last few years. According to the press release, Grewal recommended over 100 enforcement actions addressing the large-scale “noncompliance in the quickly growing crypto space.” However, Grewal’s enforcement was not aimed at just the nascent crypt...