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SEC's Top Crypto Enforcer Quits
David Hirsch, head of the SEC’s Crypto Asset and Cyber Unit, steps down.
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David Hirsch, head of the SEC’s Crypto Asset and Cyber Unit, has left the agency after nearly nine years with the U.S. securities watchdog.
What's the scoop?
- David Hirsch joined the SEC as a staff attorney in 2015 and became the Crypto Asset and Cyber Unit lead in 2022.
- His resignation marks the end of a notable tenure during which he led significant investigations and regulatory actions within the crypto space.
- No details about his future plans were disclosed, though Hirsch mentioned he would share more after a break. He did deny the viral troll that he was joining memecoin platform pump.fun as Head of Trading.
Bankless take:
Hirsch’s departure comes at a critical time as the SEC faces increased political scrutiny amid a U.S. election year regarding its approach to crypto regulation. The crypto community will be closely watching to see who fills Hirsch’s role and how this leadership change may impact the SEC’s crypto enforcement strategies. As the pump.fun rumor showed, there is also speculation that Hirsch could eventually land a new job at a crypto firm, which could add another wrinkle to the regulatory landscape in the U.S.