Unexpected high-level resignation at the SEC: Is it related to cryptocurrencies?

In the SEC, which has imposed harsh sanctions against the cryptocurrency world, especially in the last 2 years, the chief executive manager Gurbir Grewal, who is one of the biggest responsible for these steps, will step on October 11. Due to the resignation, no statement has been made by the SEC yet. "I am proud of what I have done and the stance of my institution," Grewal said.

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In recent years, the US Securities and Exchange Commission (SEC), which has been at war with the crypto world, especially Ripple and Coinbase companies, has received a high-level resignation. Gurbir Grewal, the chief executive manager of the institution, stated that he would step down on October 11.

It is currently unknown who will replace Grewal, who is seen as one of the biggest influencers such as the head of the institution, Gensler, in his attitude towards the crypto world and in the lawsuit filed. It is stated that his assistant Sanjay Wadhwa will temporarily take the position.

Signed more than 100 applications

Grewal, who is responsible for the actions of the SEC, has filed important lawsuits or penalties against many companies, including companies operating in cryptocurrencies. Grewal has a role in more than 100 actions by the SEC.

Will the perspective on crypto change?

This unexpected and sudden resignation has led to a re-debate on whether the SEC's perspective on the cryptocurrency world will change. Recently, it was seen that Kamala Harris also winked at the world of cryptocurrencies in her election speeches.

It is also an interesting coincidence that the SEC objected to the Ripple case decision on the day Grewal's resignation was announced...

Grewal worked for the SEC for 21 years and spent the last 3 years as the chief executive practitioner.

Making a brief statement about the stack, the manager said, "I am proud of my institution and what we do, from our practices to our steps to protect investors and punishing those responsible."