The post SEC’s top crypto enforcer announces his resignation appeared on BitcoinEthereumNews.com.

David Hirsch, the head of the SEC’s crypto asset enforcement division, has resigned. He announced his resignation in a LinkedIn post, marking the end of his nearly 10-year tenure at the agency. Hirsch led the digital asset enforcement team, dealing with numerous complex and high-profile cases in the crypto industry. Also Read: Terraform & Do Kwon to pay SEC $4.5b after fraud verdict In his post, Hirsch reflected on his time at the SEC, grateful for the opportunity to work on investigations. He expressed pride in leading the Crypto Assets and Cyber Unit team and acknowledged the support of numerous mentors, colleagues, and partners across various regulatory and law enforcement bodies. Hirsch is not joining Pump.fun Hirsch’s resignation quickly sparked rumors that he had joined Pump.fun, a memecoin launch platform, as head of trading. However, Hirsch was quick to shut down these rumors. He responded to a comment on his LinkedIn post, which questioned the validity of the claims about his new role at Pump.Fun. Hirsch firmly replied that, “This claim by pumpdotfun is false.” While it is hard to leave an agency that has given me so much, I am very excited for the next set of challenges. I look forward to sharing more about that soon, but for now I’m excited for a break and travel with my family before my son heads to college in the fall. David Hirsch The SEC’s approach under Hirsch contrasted with its previous, more sedate enforcement style. Traditionally, the agency targeted misdeeds at regulated businesses, often large Wall Street firms with extensive legal departments, which quickly began negotiating settlements. Also Read: Coinbase Submits Closing Brief Opposing SEC’s Petition Denial However, the charges against digital asset companies often threatened their existence, leading them to take the agency to court. Right now, Binance founder…

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Filed under: News - @ June 17, 2024 9:04 pm