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.

ChainCatcher news, Elon Musk tweeted in response to Semafor editor Ben Smith's claim, "Neither I nor Twitter received any investment from SBF/FTX, your article is lying," and stated, "Semafor is owned by SBF, which presents a significant conflict of interest with its reporting," and refuted any claims about SBF owning shares in Twitter, "SBF may hold shares in Twitter as a public company, but he certainly does not own shares in Twitter as a private company."It is reported that Semafor previously published a report stating that SBF contributed $100 million in stock to the now-privatized Twitter. (source link)