David Hirsch, the former head of the Crypto Assets and Cyber Unit division at the Securities and Exchange Commission, has made it clear that he is not affiliated with the Pump.fun team in any way.
In a statement to Cointelegraph, the retired SEC veteran confirmed that any reports linking him to the Solana-based memecoin platform were false.
Is it misinformation or a clever prank?
Starting on June 17, rumors began swirling that Hirsch had joined Pump.fun after a lighthearted social media post from the platform was directed at him.
The post began by congratulating Hirsch on his supposed new role as head of trading before jokingly stating, “After numerous discussions with @a1lon9, David realized that his role as a regulator was no longer satisfying. He felt the need to turn the page.”
Pump.fun went on to say, “And what could be better than pursuing your passion? Surprisingly, David has created over 100 coins himself. […] With a love for memes, David will oversee pump dot fun’s new internal trading desk, responsible for launching over 1,000 coins daily!”
Rumors prompted Binance’s team to also congratulate Hirsch on his new position, adding to the speculation. However, the post has since been removed.
Nine-year SEC veteran calls it a career
Hirsch, who started at the SEC as a staff attorney, stepped down as head of the Crypto Assets and Cyber Unit on June 14.
His tenure at the SEC began in 2015 and lasted nearly nine years. Hirsch took over the SEC’s crypto enforcement division in 2022.
After retiring, the SEC official shared on social media, “Right now, I’m looking forward to taking a break and traveling with my family before my son goes off to college in the fall.”
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