David Hirsch, the former head of the Crypto Asset and Cyber Unit of the U.S. Securities and Exchange Commission (SEC), has claimed that he is not joining Pump.Fun, despite the latter welcoming him on-board officially.
On Monday, David had taken to social media to announce his exit from the SEC following a nine-year stint. He had further claimed that he is “excited” for the next set of challenges.
Hours after news spread of David quitting the SEC, Pump.Fun took to X (formerly Twitter) to welcome him on board as new “Head of Trading.” A similar news story claims David will join Pump.Fun was also reported by Binance News.
However, David was quick to brush off the rumors as he commented on his LinkedIn post, saying, “This claim by pumpdotfun is false.” Post the denial by David, the news article on Binance website regarding him joining pump.fun has been deleted.
Twitter users were quick to note that the statement from pump.fun could be a sarcastic comment as part of an elaborate prank, given the tensions between SEC and crypto exchanges of late.
One of the Twitter users has claimed on X saying that the statement of pump.fun was a joke and that everyone failed to see it. As a hint, the user stressed on a statement from the Pump.fun’s tweet, which said, “David will be in charge of pump dot fun’s new internal trading desk, which will be in charge of launching over 1,000 coins per day!”
One crypto enthusiast alleged that Pump.Fun is intentionally provoking the SEC to receive a subpoena, potentially leading to enforcement action. He also gave a sarcastic comment, “Crypto is a very serious industry with serious people doing serious things.”
Let’s see what Pump.Fun further say on this controversy.
Also Read: Is Former SEC executive joining Pump.fun?
