David Hirsch, head of the SEC’s crypto asset enforcement unit, has resigned after nearly nine years at the agency. Announcing his departure on LinkedIn, Hirsch praised his team’s accomplishments but did not reveal his future plans. His departure marks a significant change for the SEC as it continues to regulate cryptocurrencies and decentralized finance projects.
SEC Crypto Enforcement Chief David Hirsch Resigns
David Hirsch, head of the crypto assets unit in the law enforcement division of the US Securities and Exchange Commission (SEC), resigned from his position.
Hirsch shared his decision on LinkedIn, stating that he left the SEC but did not reveal his next career move. His departure marks the end of nearly nine years at the agency.
Role and contributions
David Hirsch served as head of the cyber and crypto assets unit within the SEC’s Enforcement Division. In his LinkedIn post, Hirsch expressed pride in his team’s accomplishments, noting: “Last Friday was my last day with the SEC after nearly nine years. I am particularly proud of the historic work accomplished by the Crypto Assets and Cyber ​​Unit team that I had the privilege of leading.”
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 facing the agency, citing a heavy litigation burden, 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 share more details soon. “Every success I was a part of was a direct result of collaboration and combined efforts toward a common goal,” he added in his post.
David Hirsch’s departure from the SEC leaves a major void in the agency’s cryptocurrency enforcement efforts. His next steps have yet to be announced and the industry will be watching closely to see where he goes next.
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