David Hirsch, the former chief of the Crypto Assets and Cyber Unit division at the Securities and Exchange Commission (SEC), has clarified that he is not affiliated with the Pump.fun team in any way.
In a statement to Cointelegraph, the retired SEC veteran debunked any rumors linking him to the Solana-based memecoin platform as false information.
The confusion began on June 17 when speculations emerged that Hirsch had joined Pump.fun following a playful social media post from the platform directed at him.
The post initially congratulated Hirsch on his supposed new role as the head of trading, then jokingly claimed that he had realized his work as a regulator was no longer fulfilling and decided to embark on a new venture with Pump.fun.
Pump.fun added that Hirsch, who has a history of launching over 100 coins, would oversee the platform’s internal trading desk responsible for releasing more than 1,000 coins daily.
The rumors gained traction when Binance also extended their congratulations to Hirsch, inadvertently adding to the confusion. However, the publication has since been removed by Binance.
Hirsch retired on June 14 after nearly nine years at the SEC, where he started as a staff attorney before eventually becoming the head of the Crypto Assets and Cyber Unit in 2022.
In a social media post following his retirement, Hirsch expressed his excitement for a break and travel with his family before his son starts college in the fall.
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