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U.S. SEC's Crypto Enforcer David Hirsch Quits
Hirsch was the chief of the crypto asset and cyber unit in the Division of Enforcement at the U.S. SEC.
- David Hirsch, the chief of the crypto asset unit in the enforcement division of the SEC, has left the role.
- Hirsch announced the decision in a post on LinkedIn without stating what his next professional step would be.
David Hirsch, a senior member of the U.S. Securities and Exchange Commission crypto oversight unit has left the organization, he posted on LinkedIn on Monday.
Hirsch was the chief of the crypto asset and cyber unit in the Division of Enforcement at the U.S. SEC.
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"This past Friday was my last day with the SEC after almost 9 years," Hirsch said in the post. " I’m particularly proud of the historic work done by the Crypto Assets and Cyber Unit team I had the privilege to lead."
Hirsch was the SEC's crypto enforcer against cryptocurrency exchanges and decentralized finance (DeFi) projects. He had previously acknowledged that the agency's current litigation load is heavy, and the SEC can't go after everything, but that it wasn't done chasing down those it sees as violating securities laws in the same vein.
"Every success I was a part of was the direct result of collaboration and combined efforts towards a common goal, Hirsch added.
Hirsch did not say what his next professional destination would be but said he would be "sharing more about that soon."
Read More: SEC’s Crypto Enforcement Chief Warns More Charges Coming to Exchanges, DeFi
Amitoj Singh
Amitoj Singh is a CoinDesk reporter focusing on regulation and the politics shaping the future of finance. He also presents shows for CoinDesk TV on occasion. He has previously contributed to various news organizations such as CNN, Al Jazeera, Business Insider and SBS Australia. Previously, he was Principal Anchor and News Editor at NDTV (New Delhi Television Ltd.), the go-to news network for Indians globally. Amitoj owns a marginal amount of Bitcoin and Ether below CoinDesk's disclosure threshold of $1,000.
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Crypto Industry Asks President Trump to Stop JPMorgan’s 'Punitive Tax' on Data Access
A coalition of fintech and crypto trade groups is urging the White House to defend open banking and stop JPMorgan from charging fees to access customer data.
Что нужно знать:
- Ten major fintech and crypto trade associations have urged President Trump to stop big banks from imposing fees that could hinder innovation and competition.
- JPMorgan's plan to charge for access to consumer banking data may debank millions and threaten the adoption of stablecoins and self-custody wallets.
- The CFPB's open banking rule, which mandates free consumer access to bank data, is under threat as banks have sued to block it, and the CFPB has requested its vacatur.
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