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SEC’s top crypto enforcer announces his resignation

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David Hirsch, the head of the SEC’s crypto asset enforcement division, has resigned. He announced his departure in a LinkedIn post, concluding his nearly 10-year tenure at the agency. Hirsch led the digital asset enforcement team, handling numerous complex and high-profile cases in the crypto industry.

Hirsch Reflects on His Tenure

In his post, Hirsch expressed gratitude for the opportunity to work on investigations and pride in leading the Crypto Assets and Cyber Unit team. He acknowledged the support of many mentors, colleagues, and partners across various regulatory and law enforcement bodies.

Clarifying Rumors

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Hirsch’s resignation sparked rumors that he had joined Pump.fun, a memecoin launch platform, as head of trading. However, Hirsch quickly dispelled these rumors, stating in a LinkedIn comment, “This claim by pumpdotfun is false.”

Hirsch shared his future plans, mentioning his excitement for new challenges and a break to travel with his family before his son heads to college in the fall.

SEC’s Enforcement Approach Under Hirsch

Under Hirsch, the SEC’s enforcement approach became more aggressive, contrasting with its traditionally more measured style. While the agency previously targeted misdeeds at regulated businesses, often leading to settlements, the charges against digital asset companies often threatened their existence, prompting them to take the agency to court. For example, Binance founder Changpeng Zhao is currently serving a four-month prison sentence in California for money laundering charges.

Stern Stance on the Crypto Industry

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Hirsch maintained a tough stance on the crypto industry. Last September, he revealed his team was investigating other companies with activities similar to those at major platforms like Coinbase and Binance, indicating widespread compliance breaches in the industry.

Hirsch emphasized that the SEC’s interest extended beyond high-profile exchanges to include intermediaries operating “illegally,” such as brokers, dealers, and clearing agencies within the SEC’s jurisdiction but failing to meet their obligations.

He also clarified that DeFi projects would not evade the SEC’s scrutiny. “We’re going to continue to conduct investigations, we’re gonna be active in the space, and adding the label of DeFi is not going to be something that’s going to deter us from continuing our work,” he said.

Source: cryptopolitan.com

The post SEC’s top crypto enforcer announces his resignation appeared first on HIPTHER Alerts.

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India Electronic Contract Services Market to Worth Over US$ 624.33 Million By 2033 | eSignature Demand Among Financial Institutes to Remain High Says Astute Analytica

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UNICC and ShelterZoom Developed a Secure Document Tracking and E-Signature Solution for the UN System

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The United Nations International Computing Center (UNICC) and ShelterZoom are pleased to announce a new innovative blockchain-based solution for controlling and protecting the digital data of UN entities and other international organizations. As the largest strategic partner for digital solutions and cybersecurity within the UN system, UNICC has partnered with ShelterZoom, a leading data and content protection and ownership SaaS company behind innovations such as Document Token® technology and Document GPS®.

Building upon the 50 years of experienced innovation from the UNICC, the two organizations collaborated on a transformational undertaking offering robust protection and promising increased productivity for document tracking and management. ShelterZoom will contribute its proprietary document tokenization technology, along with its data protection, document tracking and e-signature solutions to deliver a white-labeled platform, giving member organizations a greater level of governance over their content. Using ShelterZoom’s flagship proprietary Single Source Of Truth® technology, the solution provides a means for each file to be protected individually without changing user normal habits instead of having to rely solely on protecting files at the database level. This ‘singularity and control’ is a new era in cybersecurity and document management, which has never been seen before at this level of seamless integration with existing tools.

“The synergy between what we deliver and the goals of the United Nations are a perfect match for Single Source Of Truth,” said Chao Cheng-Shorland, CEO and Cofounder of ShelterZoom. “We have said from the beginning that it is time to think about cybersecurity in a completely new way and in doing so we have created a solution to address other operational pain points while simultaneously solving one of the biggest challenges facing the global population today. The UN is at the frontlines of changing the world for the better and its forward-thinking approach to using technology to address fundamental issues is critical in improving livelihoods for all.”

ShelterZoom solutions have already been in use across dozens of industries and with this new commercial partnership, they can now extend their usefulness to the UN family and other international organizations. The revolutionary method for complete document tracking with built-in productivity tools, such as digital signatures and a market-first method for organizing files inside email, is an all-in-one solution built for a global workforce. The Single Source of Truth model has the added benefit of decreasing the carbon footprint created by excessive digital waste, further supporting the sustainability goals of the United Nations.

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“The need for robust cybersecurity and data protection has never been greater,” said Sameer Chauhan, Director of UNICC. “By working together with ShelterZoom, we have developed a cutting-edge tool tailored to the needs of the UN family. Our unwavering commitment to providing best-in-class solutions ensures we continue to support the digital transformation and modernization of the UN system and other international organizations.”

The post UNICC and ShelterZoom Developed a Secure Document Tracking and E-Signature Solution for the UN System appeared first on News, Events, Advertising Options.

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Bybit Supports Wildlife Conservation Through Sea Turtle Adoption Initiative with Subsum

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