Former SEC Crypto Chief David Hirsch Refutes Claims About Joining Pump.Fun
Summary:
David Hirsch, a recently retired chief from the SEC's Crypto Assets and Cyber Unit, has dispelled rumors stating that he joined the team at pump.fun. He clarified that, while he has not yet announced his future plans, they do not involve a meme/coin platform. The rumors emerged from a playful social media post by pump.fun, which suggested that Hirsch had assumed a new role with their team.
David Hirsch, a retired top executive from the Securities and Exchange Commission's (SEC) Crypto Assets and Cyber Unit, responded to rumors claiming he joined the team at pump.fun. He dismissed such talk as inaccurate in a statement to Cointelegraph. "The allegation is untrue. I haven't revealed my forthcoming position, but it won't be with a meme/coin platform," emphasized Hirsch.
Speculation began swirling on June 17 following a playful social media post by pump.fun suggesting that Hirsch had accepted a role with their team. The post claimed that Hirsch had grown weary of his regulatory role and was excited to embark on a new chapter, going so far as to suggest he would head pump.fun's internal trading desk.
Responding to pump.fun's post, the Binance team extended their congratulations to Hirsch for his new role. However, the message has since been deleted which only added fuel to the speculation fire.
David Hirsch has had a long tenure at the SEC, where he started as a staff attorney and finished as head of the Crypto Assets and Cyber Unit. His association with the commission began in 2015 and ended on June 14 this year, culminating in an illustrious nine-year-long career. On stepping down, Hirsch told his followers on social media that he was looking forward to spending time with his family.
Published At
6/17/2024 8:35:08 PM
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