In recent years, a high-level resignation came from the US Securities and Exchange Commission (SEC), which has been at war with the crypto world, especially Ripple and Coinbase companies. Gurbir Grewal, the chief executive officer of the institution, stated that he will leave office on October 11.

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

Signed more than 100 applications

Grewal, who is responsible for the SEC’s actions, has brought important lawsuits or fines to many companies, including companies operating in cryptocurrencies. Grewal has a role in more than 100 actions taken by the SEC.

Will the perspective on crypto change?

This unexpected and sudden resignation led to a re-discussion of whether the SEC’s perspective on the cryptocurrency world will change. Recently, Kamala Harris was also seen winking at the cryptocurrency world in her election speeches.

It is an interesting coincidence that the SEC appealed the Ripple case decision on the day Grewal’s resignation was announced.

Grewal has worked at the SEC for 21 years and spent the last 3 years as chief enforcement officer.

Making a brief statement about his resignation, the executive said, ‘I am proud of my institution and what we do, from our practices to our steps to protect investors and punish those responsible.’