SEC’s Head of Crypto Asset Enforcement Steps Down

David Hirsch, Chief of the Crypto Asset and Cyber Unit within the US Securities and Exchange Commission’s (SEC) Division of Enforcement, announced his departure after nearly nine years of service.

His tenure was marked by handling multiple investigations, contributing significantly to the regulatory environment surrounding cryptocurrencies.

Reflecting on his time at the SEC, Hirsch expressed pride in the achievements of the Crypto Assets and Cyber Unit.

“I’m particularly proud of the historic work done by the Crypto Assets and Cyber Unit team I had the privilege to lead,” he stated.

Hirsch credited much of his success to the collaborative efforts within the SEC and partnerships with state, federal, and international regulators and law enforcement agencies.

His departure comes at a crucial time for the SEC as it aims to regulate the cryptocurrency market. His leadership in the Crypto Asset and Cyber Unit has been instrumental in addressing significant issues and shaping the enforcement strategies the SEC employs today.

In his farewell message, Hirsch emphasized the importance of teamwork in securities enforcement. He expressed gratitude to his mentors, colleagues, and friends who supported him throughout his career.

“Every success I was a part of was the direct result of collaboration and combined efforts towards a common goal,” Hirsch said.

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Looking ahead, Hirsch is enthusiastic about future opportunities. Still, he plans to take a break to spend time with his family. He concluded his message by hinting at upcoming challenges and projects, which he intends to share in the near future.

Hirsch’s departure leaves a notable vacancy within the SEC. His expertise and leadership have been pivotal in navigating the regulatory challenges posed by the growing cryptocurrency industry.

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