Regulation
SEC Crypto Enforcement Chief Resigns, Shuts Down 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 in a regional SEC office as an attorney, has been at the forefront of the agency’s efforts to navigate the complex landscape of cryptocurrency enforcement.
His departure comes at a critical time for the SEC, as the regulator faces increasing political pressure and the spotlight intensifies ahead of the presidential election.
Hirsch’s resignation, announced via LinkedIn on Monday, was followed by a rumor that he had joined memecoin launch platform Pump.Fun as trading manager.
Hirsch cleared up the confusion by responding to a comment on his LinkedIn ad.
“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 Crypto Asset and Cyber Unit grow in importance as the SEC grapples with the task of defining and enforcing regulations in a rapidly evolving digital landscape.
Hirsch’s departure follows a series of key personnel changes within the SEC’s enforcement division, including the recent transfer of former SEC attorney Ladan Stewart to a private law firm.
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