Bitcoin Surges to $67K as SEC’s David Hirsch Resigns

• David Hirsch, head of the crypto asset and cyber unit in the US SEC’s enforcement division, has recently announced his departure via LinkedIn.
• He spent nine years at the SEC, tackling complex and challenging investigations.
• Hirsch emphasized that securities enforcement is a collaborative effort, likening it to a team sport in his farewell statement.

Former SEC Official David Hirsch Bids Farewell After Nine Years, Sparking Speculation About His Next Move

David Hirsch Concludes Nine-Year Tenure at the SEC

In a significant departure from the US Securities and Exchange Commission (SEC), David Hirsch, who led the crypto asset and cyber unit in the enforcement division, has officially ended his nine-year tenure. Through a recent LinkedIn announcement, Hirsch reflected on his time at the SEC, noting the intricate and often challenging nature of the investigations he oversaw. He highlighted the collaborative spirit that underpinned the division’s successes, reminding his colleagues that “securities enforcement is a team sport.”

Speculations Arise About Hirsch’s Future Endeavors

While Hirsch’s next professional steps remain undisclosed, his statement conveyed a sense of anticipation for future challenges. He mentioned plans to spend quality time traveling with his family, further piquing curiosity about his forthcoming ventures. Before joining the SEC, Hirsch brought a wealth of experience as a private investigator and litigator, holding roles at Worms & Hirsch and McDermott Will & Emery.

Humor and Rumors: The Pump.Fun Announcement

Following Hirsch’s exit, an intriguing twist emerged when Solana-based meme coin platform Pump.Fun humorously claimed on social media that he would become their new head of trading. They jokingly stated that he would oversee a desk responsible for launching over 1,000 coins daily. Despite the jesting tone, some social media users took the announcement at face value, causing a flurry of discussions. Pump.Fun’s lighthearted post underscored Hirsch’s non-involvement in the meme coin boom, as he clarified he had no ties to the platform.

Conclusion

David Hirsch’s resignation from the SEC marks the end of a notable period of enforcement and oversight in the crypto realm. His departure not only draws attention to his significant contributions but also stirs speculation about his future within the industry. His emphasis on teamwork and collaboration remains a resonant message for his colleagues and successors. As the crypto landscape continues to evolve, Hirsch’s next steps will undoubtedly be watched closely by industry insiders.