SEC Crypto Asset Enforcement Division Chief David Hirsch Departs

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

Hirsch announced his departure on June 17, ending a nearly nine-year officiating career in the SEC.

In his departure statement, Hirsch expressed his pride in the work he has done in the crypto assets and cyber sector. His career with the SEC also includes serving as an enforcement attorney in the SEC’s Fort Worth Regional Office since 2015, and as SEC Commissioner Caroline Crenshaw (who takes a critical look at cryptocurrencies) from September 2020 to October 2022. well-known) legal advisor.

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

Will not join the Pump.fun project

Although Hirsch planned to share his future moves after the break, however, the memecoin launchpad’s Pump.fun project side claimed in a false statement that Hirsch had definitely joined the project after months of conversations with team members.

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

At the same time, Hirsch refuted Pump.fun’s false claims and made it clear that “pumpdotfun’s statement is false.”

Meanwhile, Fox Business News reporter Eleanor Terrett also commented on this, expressing shock at the level of fake news and saying the reporting was "chilling." Terrett also pointed out the key fact that SEC staff are not allowed to hold cryptocurrencies while serving in office, further revealing the falsity of Pump.fun’s claims.

in conclusion

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

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 with the SEC and his quick denial of Pump.fun's false claims demonstrate the professionalism and integrity he has demonstrated throughout his career.

With Hirsch leaving the SEC, the market will be closely watching the agency’s next moves in the area of ​​cryptocurrency regulation.

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