David Hirsch, Chief of the SEC’s Crypto Assets and Cyber Unit, announced his departure after nearly nine years. Hirsch, who participated in increasingly complex and challenging investigations, exceeded expectations when he joined the Fort Worth Regional Office as a staff attorney. Announcing his departure on his personal LinkedIn account, Hirsch expressed pride in the work done by the Crypto Assets and Cyber Unit and highlighted significant achievements during his leadership.
Emphasized Teamwork
Throughout his career at the SEC, Hirsch acknowledged the invaluable contributions of numerous mentors, leaders, colleagues, and friends. He emphasized the collaborative nature of securities enforcement, stating that every success was a result of teamwork and joint efforts. He also expressed gratitude to partners in state, federal, and international regulatory agencies, as well as law enforcement, underscoring the importance of these relationships in achieving common goals.
Reflecting on his time at the SEC, Hirsch expressed mixed feelings about leaving an institution that played a crucial role in his professional development. However, he also conveyed his excitement about future challenges and opportunities. He noted that he would share more details about his next steps in the near future.
Hirsch mentioned that he plans to take a well-deserved break and spend quality time with his family. He plans to travel and spend time with his son before he heads to college in the fall. This upcoming break marks an important transition period for him both personally and professionally.
Crypto World Reacts Positively to Departure
On the other hand, Hirsch’s departure marks the end of a significant era at the SEC, particularly within the Crypto Assets and Cyber Unit. His leadership and the team’s achievements have left a lasting impact on the agency’s approach to crypto and cyber-related enforcement.
Hirsch’s announcement received positive reactions from the crypto community on social media platform X. Many suggested that the SEC’s pressure on cryptocurrencies might ease. The SEC has long been a significant regulatory force in the crypto market, earning the ire of many crypto investors, and some believe this pressure may lessen over time.
