Memecoins
Former SEC official refuses to join Memecoin platform
David Hirsch, the former head of the crypto assets and cybersecurity unit of the United States Securities and Exchange Commission(SEC), has denied reports claiming he will join Pump.fun. This platform allows users to create cryptocurrency tokens. Despite early reports suggesting his imminent appointment as head of trading at Pump.fun, Hirsch has categorically refuted the claims.
Former SEC official dismisses rumors about Pump.fun’s business role
After announcing his departure from the SEC after nearly nine years, speculation arose about Hirsch’s next career move. Binance News announced that he would be joining Pump.fun as Chief Commercial Officer, fueling rumors and excitement within the crypto community. However, Hirsch quickly dismissed these claims, stating: “This is false. I haven’t announced my next role yet, but it’s not with this one or any other.
memecoin platform.”
In an unconventional move, Pump.fun welcomed the news and announced that Hirsch had joined as sales manager. The platform claimed that Hirsch realized his work “was no longer satisfying” and that he “needs to start a new chapter.” Pump.fun also said: “A memelord at heart, David will be in charge of Pump Dot Fun’s new in-house trading desk, which will launch over 1,000 coins per day.
Crypto Community Divided Over Hirsch Job Rumors
The news sparked mixed reactions within the crypto community, with some users questioning the validity of the reports while others greeted the news with humor. One user even joked that Pump.fun “should have opted for
Gary Gensler instead,” referring to the current chairman of the SEC. Interestingly, 17 David Hirsch tokens were created on Pump after the news.fun site.
In announcing his departure from the SEC, Hirsch expressed excited about “the next set of challenges” and said he looked forward to sharing more details soon. He also mentioned plans to take a break and travel with his family before his son goes to college in the fall. As for his next career move, Hirsch has remained tight-lipped, leaving the crypto community to look forward to his future plans.
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