See More

SEC’s Head of Crypto Asset Enforcement Steps Down

1 min
Updated by Bary Rahma
Join our Trading Community on Telegram

In Brief

  • David Hirsch, SEC's Chief of Crypto Asset and Cyber Unit, steps down after nearly nine years of service.
  • Hirsch praised his team's historic work and highlighted the importance of collaboration in securities enforcement.
  • His departure creates a notable vacancy as the SEC faces ongoing challenges in cryptocurrency regulation.
  • promo

David Hirsch, Chief of the Crypto Asset and Cyber Unit within the US Securities and Exchange Commission’s (SEC) Division of Enforcement, announced his departure after nearly nine years of service.

His tenure was marked by handling multiple investigations, contributing significantly to the regulatory environment surrounding cryptocurrencies.

SEC’s David Hirsch Resigns

Reflecting on his time at the SEC, Hirsch expressed pride in the achievements of the Crypto Assets and Cyber Unit.

“I’m particularly proud of the historic work done by the Crypto Assets and Cyber Unit team I had the privilege to lead,” he stated.

Hirsch credited much of his success to the collaborative efforts within the SEC and partnerships with state, federal, and international regulators and law enforcement agencies.

His departure comes at a crucial time for the SEC as it aims to regulate the cryptocurrency market. His leadership in the Crypto Asset and Cyber Unit has been instrumental in addressing significant issues and shaping the enforcement strategies the SEC employs today.

In his farewell message, Hirsch emphasized the importance of teamwork in securities enforcement. He expressed gratitude to his mentors, colleagues, and friends who supported him throughout his career.

“Every success I was a part of was the direct result of collaboration and combined efforts towards a common goal,” Hirsch said.

Read more: Who Is Gary Gensler? Everything To Know About the SEC Chairman

Looking ahead, Hirsch is enthusiastic about future opportunities. Still, he plans to take a break to spend time with his family. He concluded his message by hinting at upcoming challenges and projects, which he intends to share in the near future.

Hirsch’s departure leaves a notable vacancy within the SEC. His expertise and leadership have been pivotal in navigating the regulatory challenges posed by the growing cryptocurrency industry.

Trusted

Disclaimer

In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and ConditionsPrivacy Policy, and Disclaimers have been updated.

Frame-2466.jpg
Bary Rahma
Bary Rahma is a senior journalist at BeInCrypto, where she covers a broad spectrum of topics including crypto exchange-traded funds (ETFs), artificial intelligence (AI), tokenization of real-world assets (RWA), and the altcoin market. Prior to this, she was a content writer for Binance, producing in-depth research reports on cryptocurrency trends, market analysis, decentralized finance (DeFi), digital asset regulations, blockchain, initial coin offerings (ICOs), and tokenomics. Bary also...
READ FULL BIO
Sponsored
Sponsored