Former SEC Official David Hirsch Refutes Claims of Joining Memecoin Platform Pump.fun

David Hirsch, former chief crypto officer of the SEC, has denied reports of joining the memecoin platform Pump.fun, stating he has not announced his next role.

Former SEC Official Refutes Claims of Joining Pump.fun as Trading Head

According to CoinGape, 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 categorically denied reports that he planned to join Pump.fun, a platform that enables users to generate cryptocurrency tokens. Hirsch has categorically denied those allegations despite initial reports that indicated his imminent appointment as the chief of trading at Pump.fun.

Hirsch's career trajectory took an unexpected turn following his resignation from the SEC after nearly nine years. Binance News reported that he was set to join Pump.fun as a trading director, sparking speculation and enthusiasm within the crypto community. However, Hirsch promptly refuted these claims, stating, “This is false. I have not announced my next role yet, but it is not with this or any memecoin platform.”

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. 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.

Crypto Community Reacts to Speculation Over Hirsch's Potential Move to Pump.fun

The news of Hirsch's potential move elicited various responses from the crypto community. Some users questioned the credibility of the reports, while others took it in good humor. One user even jokingly remarked that Pump.fun should have set their sights on Gary Gensler, the current SEC chair. Interestingly, the Pump.fun website saw the creation of 17 David Hirsch tokens following the news.

Hirsch expressed his enthusiasm for "the next set of challenges" and looked forward to providing additional information shortly after announcing his departure from the SEC. 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 avidly anticipating his future endeavors.

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