Yesterday, rumors abounded that former Securities and Exchange Commission (SEC) head of crypto assets David Hirsch had resigned and was about to join the team of the meme currency issuance platform Pump.fun. It is said that all the rumors started when Pump.fun posted on social media X The last tweet with a mocking metaphor congratulated him on being the trading director of the team, and the relevant content was even forwarded by various media.
Pump.fun’s fake products look real
Yesterday (17) evening, with the release of a tweet from Pump.fun, a meme currency issuance platform on Solana, rumors about Hirsch, the former head of the SEC’s crypto assets and network department, jumping ship to the Pump.fun platform began to spread.
Pump.fun claimed that Hirsch will soon take up a new position on the team called "Trading Director", describing his job content in detail and pointing out the reasons:
After months of discussions with the team, David realized that his supervisory role was no longer fulfilling him and he had to start a new chapter.
The team also emphasized that David himself has even launched more than 100 tokens, but this is not the upper limit, claiming that the new internal trading department of Pump.fun, which David is responsible for, will launch more than 1,000 tokens every day.
Faced with this statement, the encryption community was dubious, and some users joked:
You should go to Gary Gensler, but step by step, David is also good.
At the time, the tweet was even quoted in Binance News, further confusing and intensifying doubts among the community.
Binance’s article in response to Pump.fun’s tweet has now been deleted. Hirsch refutes rumors: The next stop will not be a meme currency platform
When asked by netizens, Hirsch immediately denied it, saying that the remarks about him published by Pump.fun were just false rumors:
Hirsch responds to Pump.fun rumors
I haven’t decided on my next job yet, but I’m sure it won’t be something related to the memecoin platform.
And clarified, "I have not joined the Pump.fun team in any capacity."
Has the joke gone too far?
In this regard, some users also joked that fabricating rumors may arouse the concern of government officials:
Hold on, guys, the feds are coming.
It is unknown whether he will be visited by the authorities, but what is certain is that the crypto community will not miss this wave of current events. Since the news was released, more than 20 memes related to David Hirsch have appeared on the Pump.fun platform. Token.
Senior SEC executive departs
It is reported that Hirsch has been working as a lawyer at the SEC since 2015 and became the head of the SEC’s Crypto Assets and Internet Department in 2022.
In his resignation speech posted on Linkedin, he said:
I'm very excited about the challenges ahead and looking forward to sharing more news with you all soon, but for now I want to take a break with my family and travel before my son goes off to college.
This article The SEC’s former head of crypto assets resigned and refuted rumors of joining the meme currency issuance platform Pump.fun first appeared on Chain News ABMedia.
