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Former SEC Chief Denies Memecoin Platform Role

David Hirsch, former chief of the crypto asset and cyber unit at the SEC, denied joining memecoin platform Pump.fun as head of trading. Following his nine-year tenure at the SEC, speculation about his next role surged.

Reports from Binance News suggested Hirsch would become Pump.fun’s trading director, but he quickly refuted these claims. Hirsch stated, “This is false. I have not announced my next role yet, but it is not with this or any memecoin platform.”

Pump.fun humorously embraced the rumors, claiming Hirsch joined because he was a “memelord at heart.” The crypto community reacted with mixed feelings, with some creating 17 David Hirsch tokens on Pump.fun.

Hirsch plans to take a break and travel with his family before his son heads to college. His next career move remains undisclosed, keeping the community eagerly awaiting further announcements.

Hirsch’s denial underscores the scrutiny and speculation surrounding high-profile figures in the crypto world, highlighting the broader implications for market dynamics and regulatory landscapes.

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