Gurbir Grewal, the U.S. Securities and Exchange Commission's top enforcement official, is set to join Milbank LLP in New York later this month. Grewal, who previously served as New Jersey's attorney general, will become a partner in the law firm's white-collar defense and SEC enforcement practice. His departure from the SEC follows his involvement in significant cases, including the lawsuit against Binance. Additionally, Carolyn Welshhans, the former associate director of the SEC's Division of Enforcement, has transitioned to a partner role at Morgan, Lewis & Bockius, focusing on SEC enforcement and litigation. These moves reflect ongoing shifts among legal professionals in the wake of regulatory changes in the financial sector.