The U.S. Securities and Exchange Commission (SEC) has appointed David Woodcock, a former Gibson Dunn partner, as the new Director of the Division of Enforcement. This appointment occurs amid concerns regarding his lack of experience in cryptocurrency regulation and follows the departure of the previous enforcement director. Woodcock, who previously served as an SEC regional director and has a background in corporate law, is expected to lead the agency through a strategic reset while the SEC shifts its focus away from aggressive crypto enforcement.