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SEC Internet Unit, David Hirsch

Crypto asset manager and head of the SEC's internet unit, David Hirsch, has resigned amid a lawsuit against Ripple

According to CryptoPotato, David Hirsch, head of the SEC's Crypto Assets and Internet Unit, recently resigned. Hirsch, who worked at the SEC for nine years, announced his departure on LinkedIn, expressing gratitude to his colleagues, mentors and friends for their support throughout his tenure. He emphasized the collaborative nature of his work, and attributed its successes to team efforts. Although he hinted at a new chapter in his career, he denied rumors of him joining Solana's Pump.fun marketplace.

Hirsch's resignation comes at a critical time as the SEC's lawsuit against Ripple, a blockchain-based digital payment protocol, reaches trial. The Securities and Exchange Commission has accused Ripple and some of its executives of conducting an unregistered securities offering by selling its XRP token since December 2020. The dispute over Ripple's potential penalty has been a point of contention between the two parties. Initially, the Securities and Exchange Commission proposed .