Gurbir Grewal is leaving the SEC after three years and more than 100 lawsuits against the crypto industry.

📉 Grewal, the chief enforcement officer, will leave the regulator on October 11, 2024.

- He oversaw more than $20 billion in fines and 2,400 lawsuits.

- Including the largest settlement with Terraform Labs for $4.68 billion.

- He will be replaced on an interim basis by Sanjay Wadhwa.

The crypto community notes his departure with relief.