SEC’s Crypto Chief Steps Down After 9 Years

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David Hirsch, head of the Cryptoassets and Cyber Assets Unit at the United States Securities and Exchange Commission (SEC), announced on Monday (17) his departure from the position after nine years. In the announcement, made on LinkedIn earlier in the day, Hirsch highlighted the importance of his work at the unit over the past 9 years and thanked the SEC.

“During this time, I have had the opportunity to work on more complex and challenging investigations and issues than I ever imagined when I joined the agency as an attorney in the Fort Worth Regional Office.”

SEC’s Head of Crypto Steps Down

Hirsch was part of the work done by the SEC that has gained the most spotlight. In addition to regulatory issues and other topics addressed by the SEC, cryptocurrencies have been a topic of debate among candidates for the United States election.

Recently, the agency has been pressured by lawmakers to approve Ethereum ETFs. In addition, the SEC has also been facing controversial feelings between Gary Gensler and cryptocurrencies.

In addition, despite the long farewell, Hirsch did not give details of his plans for the future and did not mention whether he would hold similar positions. However, he said he would soon give news on his next steps. Prior to joining the SEC, Hirsch was a member of the legal advisory board of the NYU Center for Cybersecurity.

SEC's Crypto Chief Steps Down After 9 Years

Read in full:

“Last Friday was my last day at the SEC after almost 9 years. During this time, I have had the opportunity to work on more complex and challenging investigations and matters than I ever imagined when I joined the agency as an attorney in the Fort Worth Regional Office. I am particularly proud of the historic work done by the Crypto Assets and Cyber Unit team that I have had the privilege of leading.

I am deeply grateful to many mentors, leaders, colleagues, and friends to name here. And that includes incredible partners between state, federal, and international regulators and law enforcement. As I often say, securities trading is a team sport, and that was certainly true throughout my tenure. Every success I’ve been a part of has been the direct result of collaboration and combined efforts toward a common goal. Thank you all!

While it’s hard to leave an agency that has given me so much, I’m very excited about the next set of challenges. I’m looking forward to sharing more about it soon, but for now I’m excited to take a break and travel with my family before my son goes off to college in the fall.”

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