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David Hirsch, the influential head of the Cryptocurrency and Network Division at the US Securities and Exchange Commission (SEC), has officially vacated his office. This move could signal significant shifts in the crypto regulatory landscape for cryptocurrencies in the US Hirsch’s departure comes at a pivotal moment for the industry, with major legal battles ongoing and the political climate poised to influence future regulatory approaches. A Legacy Of Rigorous Enforcement David Hirsch spent nearly a decade at the SEC, during which he became a prominent figure in the regulation of digital assets. Known for his firm stance on enforcement, Hirsch played a crucial role in the SEC’s aggressive crackdown on several high-profile crypto companies. Under his leadership, the SEC pursued actions against industry giants such as Kraken, Coinbase, Binance, and Ripple, setting a tone of strict oversight that resonated throughout the market. Hirsch’s approach was characterized by a commitment to collaboration, as evidenced by his farewell message on LinkedIn, where he referred to securities enforcement as a “team sport.” Speculation And Denials In the wake of Hirsch’s departure, the rumor mill has been in overdrive. Speculations emerged that he would join the meme coin project Pump.Fun as their new Head of Trading. Bitcoin is currently trading at $65,117. Chart: TradingView According to these rumors, Hirsch was set to lead the project’s ambitious initiative to launch thousands of new coins, a claim that Hirsch has since denied. These speculations highlight the buzz and intrigue surrounding his next professional move, though Hirsch has stated he plans to take a break and travel with his family. We are excited to announce our new Head of Trading, David Hirsch! After months of conversations with @a1lon9, David came to the realization that his work as a regulator was no longer fulfilling. He had to start…

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Filed under: News - @ June 19, 2024 11:26 pm