David Hirsch, Former SEC Crypto Lead, Joins Law Firm After 'Pump.fun' Rumors

David Hirsch, Former SEC Crypto Lead, Joins Law Firm After 'Pump.fun' Rumors

Former head of the US Securities and Exchange Commission's (SEC) crypto unit, David Hirsch, has joined the McGuireWoods’ Securities Enforcement and Regulation practice, according to a report by Crypto Briefing. This comes after Hirsch dismissed rumors of his departure to join token launchpad platform Pump.fun as “not true”. As the former head of the SEC’s Cyber Unit, Hirsch was instrumental in shaping the regulatory landscape for cryptocurrencies. He is best known for his work on the DAO Report, which provided a framework for analyzing digital asset offerings under existing securities laws. Hirsch’s move to McGuireWoods is seen as a significant development in the crypto industry. His expertise and knowledge will be invaluable to the firm’s clients, who include major financial institutions and blockchain companies. Hirsch’s departure from the SEC is also a blow to the agency, which has been criticized for its slow pace in regulating cryptocurrencies. Critics argue that the SEC’s lack of clarity has created uncertainty for businesses and investors alike. It remains to be seen how Hirsch’s departure will affect the SEC’s approach to crypto regulation. However, his move to McGuireWoods suggests that the agency may be taking a more hands-off approach in the future.