David Hirsch, the head of the SEC's cryptoasset division, has resigned after nearly a decade in the position.
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David Hirsch, the head of the SEC's cryptoasset division, has resigned after nearly a decade in the position.
Rumors that Hirsch would join Pump. fun, a Mimcoin platform, were quickly denied by the man himself.
His departure was announced at a time when the SEC was still dealing with high-profile #cryptocurrency cases and enforcing industry rules.
David Hirsch, the head of the SEC's cryptoasset division, has resigned. Hirsch announced his resignation in a post on LinkedIn, ending his nearly decade-long tenure at the SEC. Hirsch led the Digital Asset Enforcement Group, which handled numerous complex and high-profile cases in the crypto industry.
In his post, Hirsch reminisces about his time at the SEC and expresses his gratitude for the opportunity to participate in investigations. He is proud to have led the Crypto Asset Group and the Cyber Unit and notes the support of numerous supervisors, colleagues, and partners from various regulatory and law enforcement agencies.
Hirsch's resignation immediately sparked rumors that he had moved to Pump. fun, an emerging Mimcoin platform, as head of trading. However, Hirsch was quick to deny these rumors. In a LinkedIn post, he responded to comments questioning the validity of his claims about his new role at Pump. fun. This statement by Pumpdotfun is not true.
It's hard for me to leave an agency that has given me so much, but I'm excited for new challenges. I'll talk more about it soon, but for now I'm looking forward to taking some time off and traveling with my family before my son leaves for college in the fall. "\n The SEC's approach under Hirsch contrasted with the previous loose style of enforcement.
Despite this, Hirsch has taken a pretty tough stance on the crypto industry.
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