David Hirsch, who has served as head of the U.S. Securities and Exchange Commission’s (SEC) crypto asset enforcement division since October 2022, has directed the SEC to handle at least 45 cryptocurrency-related cases during his tenure.

On June 17, Hirsch announced his resignation, ending his nearly nine-year enforcement career at the SEC.

In his departure statement, Hirsch expressed pride in his work in the crypto assets and cyber division. His career at the SEC also includes serving as an enforcement attorney in the SEC’s Fort Worth Regional Office since 2015 and as legal counsel to SEC Commissioner Caroline Crenshaw, known for her critical view of cryptocurrencies, from September 2020 to October 2022.

Hirsch said he will share more about his future plans soon after taking a personal break.

Will not switch to Pump.fun project

Although Hirsch planned to share his future plans after the break, however, the memecoin launchpad Pump.fun project claimed in a false statement that Hirsch had confirmed joining the project after talking with team members for several months.

But Hirsch explicitly denied the false claims of memecoin launchpad Pump.fun. Hirsch said Pump.fun falsely claimed that Hirsch joined their project and claimed that together they had "launched over 100 tokens."

At the same time, Hirsch refuted Pump.fun's false statement and made it clear that "pumpdotfun's statement is wrong."

Meanwhile, Fox Business News reporter Eleanor Terrett also commented on this, expressing shock at the level of fake news and calling the report "chilling." Terrett also pointed out a key fact, that according to regulations, SEC staff are not allowed to hold cryptocurrencies during their tenure, which further reveals the untruthfulness of Pump.fun's statement. #SEC #加密资产

in conclusion

David Hirsch’s departure marks the end of an era at the SEC’s crypto asset enforcement efforts.

Under his leadership, the SEC’s regulatory and enforcement actions in the cryptocurrency space have increased significantly, reflecting the regulator’s adaptability and responsiveness to emerging markets.

While Hirsch’s future plans are unclear, his pride in his work at the SEC and his quick denial of Pump.fun’s false claims demonstrate his professionalism and integrity in his career.

With Hirsch leaving the SEC, the market will be watching closely for the agency’s next moves in the cryptocurrency regulatory space.