David Hirsch, a now former Executive of the US Securities and Exchange Commission (SEC) has announced his resignation from the agency. Although Hirsch did not disclose his next venture, popular crypto commenter MartyParty on X hinted that the executive has joined Solana’s Pump.fun launchpad.
Hirsch Brings His Expertise to Solana
Before his departure, Hirsch headed the Crypto Asset and Cyber Division Unit in the enforcement division of the SEC for almost nine years. The former SEC executive will bring his wealth of experience to the Solana pump.fun launchpad. Hirsch, who is also an enforcement attorney is well-skilled in crypto and blockchain analysis, and was once a counsel to Commissioner Caroline Crenshaw.
In a LinkedIn post, Hirsch expressed gratitude to his friends, mentors, colleagues, and leaders at the agency.
“While it is hard to leave an agency that has given me so much, I am excited for the next set of challenges. I look forward to sharing about that soon, but for now, I am excited for a break and travel with my family before my son heads to college in the fall,” wrote Hirsch.
Hirsch’s reported switch from the SEC to Solana has been met with mixed reactions from the crypto community. One X user commented that the former SEC executive was joining the dark side. Another user, however, says the switch is bullish for altcoins as everyone has capitulated.
Meanwhile, the SEC Chair Gary Gensler has been pessimistic about crypto in general. Despite this bearish disposition, the Commission was recently pressured by lawmakers to approve spot Ethereum ETF.
Hirsch’s Role at Pump.fun Launchpad
The pump.fun launchpad confirmed Hirsch’s move to the platform in a post on X.
We are excited to announce our new Head of Trading, David Hirsch!
After months of conversations with @a1lon9, David came to the realization that his work as a regulator was no longer fulfilling. He had to start a new chapter.
And what’s better than doing the very thing you… pic.twitter.com/qJrHjNdHpD
— pump.fun (@pumpdotfun) June 17, 2024
As revealed by the pump.fun, David will be in charge of its new internal trading desk, which will be in charge of launching over 1,000 coins per day. Additionally, he will be working with other ecosystem participants, to onboard high-status individuals.
Pump.fun is a newly created platform intended for the creation and exchange of memecoins. Initially launched for tokens operating on the Solana network, the platform has expanded its support to the Blast ecosystem.
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