{"id":81604,"date":"2024-06-17T17:31:00","date_gmt":"2024-06-17T21:31:00","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=81604"},"modified":"2024-06-17T17:31:04","modified_gmt":"2024-06-17T21:31:04","slug":"ex-sec-official-denies-involvement-with-memecoin-platform","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/ex-sec-official-denies-involvement-with-memecoin-platform\/","title":{"rendered":"Ex-SEC Official Denies Involvement with Memecoin Platform"},"content":{"rendered":"\n

Ex-SEC crypto chief David Hirsch denies joining memecoin platform<\/a> Pump.fun.<\/p>\n\n\n\n

\"Ex-SEC
Ex-SEC Official Denies Involvement with Memecoin Platform<\/figcaption><\/figure>\n\n\n\n

David Hirsch, the former supervisor of the crypto asset and cyber unit in the U.S. Securities and Exchange Commission's (SEC) enforcement division, has denied reports that he planned to join Pump.fun.. This platform enables users to generate cryptocurrency tokens.<\/p>\n\n\n\n

Hirsch has categorically denied those allegations, despite initial reports that indicated his imminent appointment as the chief of trading at Pump.fun.<\/p>\n\n\n\n

Hirsch's subsequent career trajectory was the subject of speculation following his resignation from the SEC after nearly nine years. Binance News reported that he would be joining Pump.fun as a trading director, which sparked speculation and enthusiasm within the crypto community<\/a>.<\/p>\n\n\n\n

Hirsch, however, promptly refuted these assertions, asserting, “This is untrue.” I have not yet disclosed my subsequent position; however, it is not associated with this or any other memecoin platform.<\/p>\n\n\n\n

Pump.fun, in an unconventional move, accepted the news and declared that Hirsch had joined as its trading head. The platform asserted that Hirsch realized that his work was no longer fulfilling and that he needed to begin a new chapter.<\/p>\n\n\n\n

Pump.fun also announced that David, a memelord at heart, will be responsible for the new internal trading desk at pump dot fun. This desk will initiate more than 1,000 coins per day.<\/p>\n\n\n\n

\n

We are excited to announce our new Head of Trading, David Hirsch!

After months of conversations with @a1lon9\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a>, David came to the realization that his work as a regulator was no longer fulfilling. He had to start a new chapter.

And what's better than doing the very thing you\u2026 pic.twitter.com\/qJrHjNdHpD<\/use><\/svg><\/span><\/a><\/p>— pump.fun (@pumpdotfun) June 17, 2024<\/use><\/svg><\/span><\/a><\/blockquote>

The news elicited a variety of responses from the crypto community, with some users querying the veracity of the reports, while others embraced it with jest. One user even lightheartedly quipped that Pump.fun “I should have targeted Gary Gensler instead,” about the current SEC chair. It is intriguing that 17 David Hirsch tokens were generated on the Pump following the news.fun website.<\/p>\n\n\n\n

Hirsch expressed his enthusiasm for “the next set of challenges” and looked forward to providing additional information shortly when he announced his departure from the SEC.<\/p>\n\n\n\n

He also expressed his intention to take a break and travel with his family before his son departs for college in the autumn. Hirsch has maintained his silence regarding his planned next career move, which has left the crypto community <\/use><\/svg><\/span><\/a>avidly anticipating his future endeavors.<\/p>\n\n\n\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

Ex-SEC crypto chief David Hirsch denies joining memecoin platform Pump.fun. David Hirsch, the former supervisor of the crypto asset and cyber unit in the U.S. Securities and Exchange Commission’s (SEC) enforcement division, has denied reports that he planned to join Pump.fun.. This platform enables users to generate cryptocurrency tokens. Hirsch has categorically denied those allegations, […]<\/p>\n","protected":false},"author":36,"featured_media":81607,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[20044,20043,20046],"class_list":["post-81604","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-ex-sec","tag-memecoin-platform","tag-official"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2024\/06\/SEC-getty-1260x895-1.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/81604","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/36"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=81604"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/81604\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/81607"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=81604"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=81604"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=81604"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}