FOX reporter: This year, the SEC's "revolving door" phenomenon is particularly evident, with several prominent officials leaving to join private companies

ChainCatcher news, FOX reporter Eleanor Terrett posted on social media that this year the SEC's "revolving door" phenomenon is particularly evident, with several well-known officials leaving to join private companies that serve clients in the financial services industry.

• Former Acting Head of the Crypto Assets and Cyber Unit Carolyn Welshhans has joined Morgan Lewis, focusing on securities enforcement matters.
• Former Director of the Enforcement Division Gurbir Grewal has joined Milbank Law as a partner, and the firm is currently representing clients like Binance in lawsuits with the SEC, which were initiated during Grewal's tenure.
• Former Head of the Crypto Assets and Cyber Unit David Hirsch has joined McGuireWoods LLP to provide consulting services on crypto-related matters and cybersecurity regulations.
• Ladan Stewart, who previously brought lawsuits against Coinbase and Ripple for the SEC, has now joined White & Case to assist clients in dealing with SEC enforcement actions related to crypto and other areas.