SEC’s Crypto and Cyber Unit Team Lead Exits After Nine Years

The SEC’s Crypto Asset and Cyber Unit team lead exits the agency after eight years and ten months.

Man walking through the exit sign portal, off to the sunset.
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  • A senior crypto enforcer has left the SEC.
  • The official headed the commission’s Crypto Asset and Cyber Unit.
  • The SEC has yet to comment on the exit.

The head of the U.S. Securities and Exchange Commission’s Crypto Asset and Cyber Unit, David Hirsch, has left the agency after nearly nine years of service.

Hirsch joined the SEC as an enforcement attorney in 2015. His roles included conducting investigations into potential violations of federal securities laws before he became counsel to Commissioner Caroline Crenshaw in 2020 and assumed his immediate former position in 2022.

David Hirsch Exits the SEC

On June 17, Hirsch broke the news of his departure from the SEC in a LinkedIn post.

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“This past Friday was my last day with the SEC after almost 9 years. During that time I had the opportunity to work on more complex, challenging investigations and issues than I ever imagined when I joined the agency as a staff attorney in the Fort Worth Regional Office,” Hirsch wrote.

Noting that he was proud of the historic work done by the Crypto Assets and Cyber Unit, Hirsch said that he was indebted to his “too many mentors,” including leaders, colleagues, friends, and partners across state, federal, and international law enforcement.

While Hirsch did not reveal his future plans, he said that he was “very excited for the next set of challenges,” which he looks forward to “sharing more about soon.”

Hirsch departs from the SEC after building a solid reputation as a crypto enforcer. During his tenure, the SEC filed 13 charges against Binance entities and founder Changpeng Zhao and charged Coinbase for operating as an unregistered securities exchange, broker, and clearing agency.

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Read about the SEC’s new settlement offer to Ripple:
SEC Lowers Settlement Offer for Ripple to $102.6 Million

Stay updated on NYSE parent company’s settlement with the SEC:
NYSE Parent Company Coughs Up $10M to Settle SEC Charges

This article is for information purposes only and should not be considered trading or investment advice. Nothing herein shall be construed as financial, legal, or tax advice. Trading forex, cryptocurrencies, and CFDs pose a considerable risk of loss.

Author
Brian Danga

Brian Danga, a Kenyan crypto reporter, is dedicated to delivering breaking news and updates from the cryptocurrency world. With a background as a Web3 writer and project manager, he recognizes the importance of unbiased reporting. Holding an LLB degree from the University of Nairobi, Brian's analytical skills contribute to his accurate news reporting. His personal interests include cooking, watching documentaries, reading, and engaging in intellectual discussions.