The post On the Margin Newsletter: SEC crypto enforcement leader departs appeared on BitcoinEthereumNews.com.

Today, enjoy the On the Margin newsletter on Blockworks.co. Tomorrow, get the news delivered directly to your inbox. Subscribe to the On the Margin newsletter. Welcome to the On the Margin Newsletter, brought to you by Ben Strack and Casey Wagner. Here’s what we unpack today:  After an SEC leader focused on crypto-related enforcement actions stepped away, we look at what happened under his tenure.    What to watch for on the macroeconomic front during a week in which various Federal Reserve regional presidents are set to speak publicly.  The SEC has followed up with firms vying to launch spot ETH ETFs, and the feedback looks encouraging. SEC crypto enforcement leader steps away The guy who led the crypto assets and cyber unit in the SEC’s enforcement division for nearly the last two years has stepped away. In a LinkedIn post about the exit, David Hirsch noted he was “particularly proud of the historic work” done by that team.  Historic is certainly one way to put it.  Hirsch’s previous posts highlight some of the many crypto-related SEC enforcement actions taken during his tenure.  A press release from August 2023 discusses the SEC charging an ex-New Jersey correctional police officer for allegedly raising money via an unregistered Blazar Token offering. Another post, just weeks later, focuses on the SEC claiming fraud against SafeMoon for allegedly selling a crypto security (also deemed to be unregistered). But a bigger splash than those happened earlier in 2023 — when the US securities regulator came after crypto exchange giants Binance and Coinbase in back-to-back lawsuits. Hirsch took the stage at a conference run by the Digital Assets Council of Financial Professionals not long after. Almost exactly a year ago now, I recall sitting in the crowd a few dozen feet from him, almost astonished to see an…

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Filed under: News - @ June 17, 2024 10:14 pm