Gurbir S. Grewal name cryptocurrency It does not remind investors of good things at all. His statements at the end of 2022 are still on investors’ minds as today. Democrats who took a stand against cryptocurrencies behind the FTX crash argued that it was not the regulators’ fault, but that the problem was that cryptocurrencies were a terrible place. Grewal, on the other hand, made statements such as “We will kill you.”
Good News for Crypto
Securities and Exchange Commission Executive Director Gurbir S. Grewal is leaving the agency after a three-year term. According to the announcement made today, the person who spent 21 years in the institution in different positions is now SECIt won’t happen in . He will be replaced by Sanjay Wadhwa, the department’s deputy director, as interim acting director.
He was one of Gensler’s top men who tried to tame the industry with sanctions rather than new rules for cryptocurrencies. Since he was the manager of the enforcement department, we saw his signature under every bad step. After his departure, Gensler wrote:
“Every day he thought about how to best protect investors and help ensure market participants comply with our time-tested securities laws. He led a Chapter that acted without fear or favor, following the facts and the law wherever they led. “I enjoyed working with him and wish him success.”
He Vomited Blood for Cryptocurrencies
Grewal filed many lawsuits on behalf of the SEC during his tenure. Coinbase, Ripple 
$0.597318Kraken, Binance and dozens more. During Grewal’s tenure, the agency took more than 100 enforcement decisions against cryptocurrency companies alone. Many of these caused major declines in cryptocurrencies. His last big nightmare will be in June 2023 coinbase And Binance We lived through the lawsuits filed against the stock exchanges one after the other. His statements at the end of 2022 made a lot of noise and he warned cryptocurrency companies about nightmare days. And he delivered this nightmare he promised to cryptocurrencies.
Grewal, who signed a total of 2,400 sanctions steps, provided his institution with more than $20 billion in compensation revenue. He paid more than 1 billion dollars to whistleblowers. Consensys executive Bill Hughes wrote that this resignation was not related to cryptocurrencies and that the SEC would not change its stance.
He wrote that this resignation was not surprising given his tenure, as the SEC’s fiscal year ended two days ago. When will Gensler’s term expire? If Trump wins the elections, that’s the day Trump takes office, but if that doesn’t happen, he has until June 5, 2026.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
