David Hirsch, a former official from the Securities and Exchange Commission (SEC), has denied any involvement with pump.fun.
Hirsch, who previously led the SEC's Crypto Assets and Cyber Unit, addressed circulating rumors, stating that he has not taken any position with the Solana-based memecoin platform.
"The claim is false. I have not announced my next role, but it is not with a memecoin platform," he stated.
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The rumors surfaced on June 17 with a sarcastic X post from pump.fun. The post congratulated Hirsch, "a memelord at heart," for taking a new role as Head of Trading at pump.fun after he realized that regulatory work was "no longer fulfilling."
Even Binance News reported about Hirsch's supposed new role, further fueling the speculations; however, the publication has since been removed.
The rumor came after Hirsch departed from the SEC on June 14, after working there for almost nine years. In his farewell message posted on LinkedIn, Hirsch shared his plans:
While it is hard to leave an agency that has given me so much, I am very excited for the next set of challenges. I look forward to sharing more about that soon, but for now I'm excited for a break and travel with my family before my son heads to college in the fall.
Thus, Hirsch remains unassociated with the memecoin platform and has not disclosed his future career plans yet.
In other news, pump.fun has recently been exploited for $1.9 million by an ex-employee.
