David Hirsch played a leading role during his tenure in creating the regulatory framework for crypto and digital assets. Tackling up both new technologies and addressing compliance issues in a rapidly growing industry.
The Importance of Leadership by Hirsch
At the SEC, the need to bring blockchain technology and cryptocurrencies under the scrutiny of regulatory frameworks are burner issues. This is why Hirsch’s job has been instrumental in creating a balanced environment for the advancement of digital technology and investor protection.
What Happens Next
The timing of his exit is critical. He leaves at a time when the SEC is increasingly turning up the heat on cryptocurrency and digital assets. Hirsch’s resignation could affect ongoing efforts to regulate the sector both domestically and internationally.
The Future of the SEC
The SEC has yet to announce his successor. The next chief of the Crypto Assets and Cyber Unit will face the formidable task of continuing Hirsch’s work in lining up a clearer set of more comprehensive crypto rules.
