U.S. SEC’s Crypto Enforcer David Hirsch Quits

As a seasoned crypto investor with a keen interest in the regulatory landscape, I can’t help but feel a sense of uncertainty following the departure of David Hirsch from the SEC’s crypto asset unit. Hirsch was a key figure in the enforcement division, leading the team that went after cryptocurrency exchanges and decentralized finance projects suspected of violating securities laws.

David Hirsch, a seasoned professional at the United States Securities and Exchange Commission’s crypto regulatory team, announced his departure from the commission on LinkedIn on Monday.

Hirsch led the cryptocurrency and cybercrimes team in the Enforcement Division of the US Securities and Exchange Commission.

I’ve spent nearly a decade working at the Securities and Exchange Commission (SEC), but last Friday marked my final day with the organization. I’m incredibly proud of the significant achievements made by the Crypto Assets and Cyber Unit team during my tenure as their leader.

As a researcher studying the regulatory landscape of cryptocurrencies and decentralized finance (DeFi) projects, I can share that Hirsch held a significant role at the Securities and Exchange Commission (SEC), serving as their crypto enforcer. He acknowledged the current burden of ongoing litigation cases, recognizing that the SEC cannot pursue every potential violation of securities laws. However, his stance was clear: the SEC remains committed to pursuing those it deems to be in non-compliance with these regulations.

Hirsch noted that every achievement I was involved in was the consequence of teamwork and collective dedication to reaching a shared objective.

Hirsch was cryptic about his future career plans, indicating instead that he would reveal more details on the subject at a later time.