David Hirsch, SEC's Crypto Enforcement Chief, Resigns

David Hirsch, the chief of the SEC's crypto enforcement unit, resigns after nearly nine years. Learn more about his departure and future plans.

Jun 17, 2024 - 12:21
Jun 17, 2024 - 12:22
 197
David Hirsch, SEC's Crypto Enforcement Chief, Resigns
David Hirsch SEC Crypto Enforcement Chief Resigns

David Hirsch, the head of the SEC's crypto asset enforcement unit, has resigned after nearly nine years with the agency. Announcing his departure on LinkedIn, Hirsch praised the accomplishments of his team but did not reveal his future plans. His exit marks a significant change for the SEC as it continues to regulate cryptocurrency and decentralized finance projects.

David Hirsch SEC Crypto Enforcement Chief Resigns

David Hirsch, SEC's Crypto Enforcement Chief, Resigns

David Hirsch, the head of the crypto asset unit in the enforcement division of the U.S. Securities and Exchange Commission (SEC), has resigned from his position.

Hirsch shared his decision on LinkedIn, stating that he has left the SEC but did not reveal his next career move. His departure marks the end of nearly nine years with the agency.

Role and Contributions

David Hirsch served as the chief of the crypto asset and cyber unit within the SEC's Division of Enforcement. In his LinkedIn post, Hirsch expressed pride in the accomplishments of his team, noting, "This past Friday was my last day with the SEC after almost nine years. I’m particularly proud of the historic work done by the Crypto Assets and Cyber Unit team I had the privilege to lead."

Hirsch was a key figure in the SEC's efforts to regulate cryptocurrency exchanges and decentralized finance (DeFi) projects. He had previously acknowledged the challenges faced by the agency, citing a heavy litigation load but emphasized the SEC's commitment to pursuing those who violate securities laws.

Future Plans

While Hirsch did not specify his future plans, he indicated that he would be sharing more details soon. "Every success I was a part of was the direct result of collaboration and combined efforts towards a common goal," he added in his post.

David Hirsch's departure from the SEC leaves a significant vacancy in the agency's crypto enforcement efforts. His next steps remain to be announced, and the industry will be watching closely to see where he goes next.

Also Read: Bitcoin: The Future of University Funding? University of Austin Explores Cryptocurrency Endowment

iShook Opinion Curated by iShook Opinion and guided by Founder and CEO Beni E Rachmanov. Dive into valuable financial insights at ishookfinance.com for expert articles and latest news on finance.