Ex-SEC Official Denies Joining Memecoin Platform

David Hirsch, the former chief of the crypto asset and cyber unit in the U.S. Securities and Exchange Commission‘s (SEC) enforcement division, has denied reports claiming he would join Pump.fun. This platform allows users to create cryptocurrency tokens. Despite initial reports suggesting his imminent appointment as the head of trading at Pump.fun, Hirsch has categorically refuted these claims.

Former SEC official rejects Pump.fun trading role rumors

After announcing his departure from the SEC after nearly nine years, speculation arose about Hirsch’s next career move. Binance News reported that he would join Pump.fun as a trading director, fueling rumors and excitement within the crypto community. However, Hirsch swiftly dismissed these claims, stating, “This is false. I have not announced my next role yet, but it is not with this or any memecoin platform.”

In an unconventional move, Pump.fun embraced the news and announced that Hirsch had joined as its trading head. The platform claimed that Hirsch realized his work “was no longer fulfilling” and that “he had to start a new chapter.” Pump.fun also stated, “A memelord at heart, David will be in charge of pump dot fun’s new internal trading desk, which will launch over 1,000 coins per day.

Crypto community divided over Hirsch job rumors

The news sparked mixed reactions within the crypto community, with some users questioning the validity of the reports while others embraced the news humorously. One user even joked that Pump.fun “Should have gone for Gary Gensler instead,” referring to the current SEC chair. Interestingly, 17 David Hirsch tokens were created on the Pump after the news.fun site.

Should have gone for @GaryGensler instead

But one step at a time, David would do

— Mayor Of Dubai (@mayor_of_dubai_) June 17, 2024

When announcing his departure from the SEC, Hirsch expressed excitement for “the next set of challenges” and said he looked forward to sharing more details soon. He also mentioned his plans to take a break and travel with his family before his son heads to college in the fall. As for his next career move, Hirsch has remained tight-lipped, leaving the crypto community eagerly anticipating his future endeavors.

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