PANews reported on October 3 that according to The block, Gurbir S. Grewal, director of the U.S. Securities and Exchange Commission's Enforcement Division, will leave after 21 years in office. Deputy Director of the department Sanjay Wadhwa will serve as interim acting director, and Chief Legal Counsel Sam Waldon will serve as acting deputy director.

Gurbir S. Grewal, who served as the head of enforcement under Gensler for three years, will officially step down on October 11. As the top cop of the security regulator, Gurbir S. Grewal filed enforcement actions against several of the most prominent U.S. cryptocurrency companies, including Coinbase, Kraken and Ripple Labs, as well as countless international entities such as Binance. During Gurbir S. Grewal's tenure, the agency approved more than 100 enforcement actions against cryptocurrency companies.