SEC's crypto asset enforcement chief David Hirsch announced his departure from the agency on June 17 after nearly nine years of service. He expressed pride in the significant work accomplished by the Crypto Assets and Cyber Unit team under his leadership. Hirsch took charge of the SEC's Crypto Asset and Cyber Unit within the Division of Enforcement in October 2022, overseeing numerous crypto-related cases totaling at least 45 during his tenure.

Previously, Hirsch served as an enforcement attorney at the SEC's Fort Worth Regional Office from 2015 until recently. From September 2020 to October 2022, he also served as counsel to SEC Commissioner Caroline Crenshaw, known for her critical viewpoints on cryptocurrency.

Hirsch mentioned that he plans to share more details about his future endeavors after a brief personal break.

Regarding false claims made by memecoin launchpad Pump.fun, which asserted that Hirsch had joined their project and launched over 100 coins after months of discussions with their team, Hirsch refuted these statements. He clarified that the claims were untrue, emphasizing, "This claim by Pump.fun is false."

Fox Business reporter Eleanor Terrett criticized the dissemination of such misinformation, labeling it "cringe-worthy" and pointing out that SEC staff are prohibited from holding cryptocurrencies while serving in their roles.