David Hirsch, the chief of the crypto asset unit within the SEC’s enforcement division, has announced his departure from the role. In a LinkedIn post, Hirsch shared that his last day at the U.S. Securities and Exchange Commission was the previous Friday after nearly nine years of service. While Hirsch did not specify his next career move, he expressed pride in the achievements of his team, particularly in their work on cryptocurrency and cyber security matters.
During his tenure, Hirsch led the Crypto Assets and Cyber Unit, overseeing the SEC’s enforcement actions against cryptocurrency exchanges and decentralized finance (DeFi) projects. His leadership was marked by a focus on addressing violations of securities laws, despite the agency’s heavy litigation workload and limited capacity to pursue every case.
Hirsch highlighted the collaborative nature of his work, attributing the successes of the Crypto Assets and Cyber Unit to the combined efforts of his team. He emphasized the importance of teamwork in achieving their goals and maintaining effective oversight in the rapidly evolving crypto space.
Though Hirsch did not disclose his future plans, he hinted at forthcoming details about his next professional step. His departure marks the end of a significant chapter in the SEC’s crypto oversight efforts, and his next role will be awaited with interest by those in the industry.
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