SEC head of crypto asset enforcement David Hirsch exits agency

SEC crypto asset enforcement chief David Hirsch announced his departure from the agency on June 17.

Hirsch said he served at the agency for almost nine years before his exit. He said he was “proud of the historic work done by the Crypto Assets and Cyber Unit team [he] had the privilege to lead.”

Hirsch led the SEC’s Crypto Asset and Cyber Unit in the Division of Enforcement starting in October 2022, during which the agency undertook at least 45 crypto cases.

Hirsch also served as an enforcement attorney at the SEC’s Fort Worth Regional Office between 2015 and the present. Between September 2020 and October 2022, he acted as counsel to SEC Commissioner Caroline Crenshaw, who is noted for her critical stance on crypto.

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

Not moving to Pump.fun

In a false statement, memecoin launchpad Pump.fun claimed that Hirsch had joined the project after conversing with a team member for months.

Pump.fun also claimed that Hirsch had “launched over 100 coins.”

Hirsch denied the project’s statement, stating:

“This claim by pumpdotfun is false.”

Fox Business reporter Eleanor Terrett called the “level of fake news… cringe-worthy,” noting that SEC staff cannot hold crypto while serving at the agency.

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