Regulation
SEC Crypto Enforcement Chief Resigns, Silencing Pump.Fun Rumors
David Hirsch, head of the Securities and Exchange Commission’s (SEC) Crypto Asset and Cyber Unit, has resigned after nearly a decade of service.
Hirsch, who started at an SEC regional office as an attorney, has been at the forefront of the agency’s efforts to navigate the complex cryptocurrency enforcement landscape.
His departure comes at a critical time for the SEC, as the regulator faces growing political pressure and the spotlight intensifies as the presidential election approaches.
Hirsch’s resignation, announced Monday via LinkedIn, was followed by a voice supporting him participated Pump.Fun memecoin launch platform as trading manager.
Hirsch put an end to the confusion by responding to a comment on his LinkedIn ad.
“This statement from pumpdotfun is false,” Hirsch She said.
Hirsch’s tenure at the SEC was marked by a series of high-profile enforcement actions in the cryptocurrency industry.
His leadership has seen the Crypto Asset and Cyber Unit grow in prominence as the SEC grapples with the task of setting and enforcing regulations in a rapidly evolving digital landscape.
Hirsch’s departure follows a pattern of key personnel changes within the SEC’s enforcement division, including the recent move of former SEC lawyer Ladan Stewart to a private law firm.
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