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SEC's Crypto Enforcer Quits. What's His Next Move?

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Mon, 17/06/2024 - 17:47
SEC's Crypto Enforcer Quits. What's His Next Move?
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David Hirsch, the chief of the crypto asset and cyber unit in the enforcement division of the US Securities and Exchange Commission, has called it quits, according to a recent post on the LinkedIn platform. 

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Hirsch parted ways with the regulatory agency after nine years of dealing with "complex" and "challenging" investigations.  

In his statement, he used a sports metaphor to highlight the importance of collaboration within the SEC. "As I often say, securities enforcement is a team sport, and that was certainly true throughout my tenure. Every success I was a part of was the direct result of collaboration and combined efforts towards a common goal," he wrote. 

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Notably, Hirsch stopped short of sharing at least some details about his next job, but he claims that he is "very excited" about his next challenges. The SEC official added that he would be busy traveling with his family in the near future. 

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Prior to joining the SEC, Hirsch would work as a private investigator for Worms & Hirsch and as a litigator for McDermott Will & Emery. 

The Pump.Fun rumor  

Shortly after Hirsch's exit, Solana-based meme coin factory Pump.Fun announced that the SEC official would be appointed as its new head of trading in a post on X. Some social media users took that post seriously despite its humourous intent.  "A memelord at heart, David will be in charge of pump dot fun's new internal trading desk, which will be in charge of launching over 1,000 coins per day! He will also collaborate with various actors in the ecosystem like @blknoiz06 to onboard high-status individuals," Pump.Fun said. 

The announcement was, of course, a joke, and Hirsch himself has clarified that he had nothing to do with the red-hot meme coin platform. 

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