The end of his tenure, marked by aggressive cryptocurrency enforcement, could signal a change in the agency’s approach to crypto.
According to an Oct. 2 announcement, the United States Securities and Exchange Commission’s (SEC) chief enforcer, Gurbir Grewal, will step down on Oct. 11 after a stint distinguished by his aggressive policing of the cryptocurrency industry.
The SEC has not chosen Grewal’s permanent replacement but Sanjay Wadhwa, deputy director of the SEC’s enforcement division, will serve as acting director for the time being, the announcement said.
As the SEC’s chief enforcer, Grewal recommended more than 100 enforcement actions “addressing widespread noncompliance in the quickly growing crypto space, including against the operators of the largest crypto asset trading platforms in the world,” the regulator said.
