SEC Director Gurbir Grewal Resigns 🚀

- SEC Enforcement Director Gurbir Grewal is stepping down on October 11. He will be replaced by Sanjay Wadhwa as acting director.

- Grewal has issued more than 2,400 enforcement actions in his three-year tenure, collecting more than $20 billion in fines.

- He has drawn attention with his enforcement actions, particularly in the crypto space. The SEC has issued more than 100 crypto-related enforcement actions during Grewal’s tenure.

- In recent weeks, the SEC has announced various sanctions against crypto firms such as eToro, Mango Markets, and Galois Capital.

How do you think the SEC’s crypto enforcement actions are affecting the market? Let’s discuss in the comments! 💬