David Hirsch, the SEC’s chief crypto regulator, has left his post, leaving the industry wondering what’s next.
Hirsch’s Legacy: A Crackdown on Crypto
Hirsch was known for his tough stance on crypto enforcement. Under his leadership, the SEC took on major players like Kraken, Coinbase, and Ripple, setting a precedent for strict oversight.
Speculation and Denials
Rumors have swirled that Hirsch will join the meme coin project Pump.Fun. However, Hirsch has denied these claims, saying he plans to take a break and travel.
The Future of Crypto Regulation
Who will replace Hirsch is crucial, as they will shape the next phase of crypto regulation. The upcoming US presidential election also adds uncertainty, with candidates’ stances on crypto likely to influence the SEC’s approach.
President Biden’s administration has taken a cautious stance, while former President Trump has promised a more favorable environment for crypto. A survey shows growing public interest in crypto, suggesting it could become a key issue in the election.
