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SEC Crypto Enforcer Resigns. What’s his next move?
Alex Dovbnja
Hirsch dispelled rumors about joining a Solana-based meme coin factory
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David Hirsch, the head of the crypto-asset and cyber unit in the enforcement division of the US Securities and Exchange Commission, has decided to quit, according to a recent send on the LinkedIn platform.
Hirsch parted ways with the regulatory agency after nine years of dealing with “complex” and “challenging” investigations.
In his statement, he used a sports metaphor to highlight the importance of collaboration within the SEC. “As I often say, securities enforcement is a team sport, and this has certainly been true throughout my tenure. Every success I have been a part of has been the direct result of collaboration and joint efforts towards a common goal,” he wrote.
Notably, Hirsch hasn’t shared at least some details about his upcoming work, but says he’s “very excited” about his next challenges. The SEC official added that he will be busy traveling with his family in the near future.
Before joining the SEC, Hirsch worked as a private investigator for Worms & Hirsch and as a litigator for McDermott Will & Emery.
The rumors about Pump.Fun
Shortly after Hirsch’s release, Solana-based meme coin factory Pump.Fun announced that the SEC official would be named the new head of trading in a post on X. Some social media users took that post seriously despite its humorous intent. “A memelord at heart, David will be in charge of pump dot fun’s new internal trading desk, which will be tasked with launching over 1,000 coins per day! He will also collaborate with various players in the ecosystem such as @blknoiz06 to integrate high-status individuals,” Pump.Fun said.
The announcement was, of course, a joke, and Hirsch himself made it clarified which had nothing to do with the red-hot meme coin platform.
About the author
Alex Dovbnja
Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience covering everything related to the burgeoning industry, from price analysis to Blockchain disruption. Alex has authored more than 1,000 stories for U.Today, CryptoComes, and other fintech media. He is particularly interested in regulatory trends around the world that are shaping the future of digital assets; he can be contacted at alex.dovbnya@u.today.