SEC crypto enforcement chief resigns, shuts down Pump.Fun rumors

David Hirsch, head of the Securities and Exchange Commission’s (SEC) Crypto Assets and Cyber ​​Unit, has resigned after nearly a decade of service.

Hirsch, who started as a staff attorney in the SEC regional office, has been at the forefront of the agency’s efforts to navigate the complex landscape of cryptocurrency enforcement.

His departure comes at a critical juncture for the SEC, as the regulatory body faces increasing political pressure and attention intensifies as the presidential election approaches.

Hirsch’s resignation, announced via LinkedIn on Monday, was followed by a rumor that he had joined memecoin launch platform Pump.Fun as head of trading.

Hirsch cleared up the confusion by responding to a comment on the LinkedIn announcement.

“This claim by Pumpdotfun is false,” Hirsch said.

Hirsch’s tenure at the SEC was marked by a series of high-profile enforcement actions in the cryptocurrency space.

His leadership has seen the Cryptoasset and Cyber ​​Unit grow in importance as the SEC grapples with the task of defining and enforcing regulations in the rapidly evolving digital landscape.

Hirsch’s departure follows key personnel changes in the SEC’s enforcement division, including the recent move of former SEC attorney Ladan Stewart to a private law firm.