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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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Crypto Price Predictions: Comprehensive BlockchainReporter Platform Helps Cryptocurrency Investors Stay Ahead Of Market Volatility

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Artificial Intelligence takes Center Stage at Blockchain Futurist Conference 2024 in Toronto

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 The highly anticipated Blockchain Futurist Conference, Canada’s Largest Web3 Event, is set to return for its sixth year to Toronto this August 13-14, 2024, with a focus on Artificial Intelligence as a core theme. This year’s event promises to offer sessions, panels, and sub-events centered around AI, highlighting how these technologies are transforming Web3 and reshaping our world. The dedicated AI segment is scheduled for Wednesday, August 14, 2024, and is accessible with all conference passes.

AI and Web3 technologies are rapidly converging to create a future that promises to revolutionize the digital landscape. AI’s ability to analyze vast amounts of data, and automate complex processes, complements Web3’s decentralized and transparent framework. This integration enables more secure, and equitable solutions across various sectors.

At this year’s event, attendees can hear from top industry leaders in AI such as:

  • Anthony Di Iorio, Founder, Ethereum, Decentral, Andiami

  • Ben-Zion Benkhin, CEO, WOMBO

  • Ashley Nandan, Google Canada, Startups

  • Ari Juels, Chief Scientist, Chainlink Labs

  • Christopher Johnson, Developer, Bad Idea AI

  • Trevor Koverko, Co-Founder, Sapien

  • JD Seraphine, CEO, Raiinmaker

  • Breeze Liu, Founder & CEO, Alecto AI

  • Christopher Obereder, Investor, Startup Chris Ventures

  • Adam Benzine, Creator & Oscar®-Nominated Filmmaker

AI Futurist Conference will also host multiple sponsors dedicated to AI organizations, such as Inference Labs, a Gold Sponsor at this year’s event.

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Inference Labs specializes in developing advanced infrastructure and products for AI on Web3. Their lab focuses on AI inference interoperating on the blockchain, an essential step for building a future where anyone can access AI without counterparty risk.

Ron Chan, Co-Founder of Inference Labs, and a visionary entrepreneur dedicated to pioneering the future of Decentralized AI had this to say:

“In all my years navigating tech cycles, I have never witnessed the level of developer interest in Artificial Intelligence that we see today. We’re at an inflection point where Internet traffic is roughly split 50/50 between humans and machines. I firmly believe that inference will soon become the dominant form of Internet traffic.”

With two decades of experience as a serial entrepreneur, Ron Chan has successfully navigated the ever-evolving tech industry, leading multiple technology and infrastructure startups to successful exits. His expertise spans architecting data centers, defense projects, and developing mission-critical civil aviation applications, showcasing his versatility and adeptness in managing complex, high-stakes ventures.

Futurist Conference will also host multiple sub-events and meetups for the AI community throughout the venue on both days. These include:

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  • Crypto x AI Book Signing: Ari Juels, Chief Scientist of Chainlink Labs and author of “The Oracle,” will discuss Crypto x Artificial Intelligence on the Main Stage, followed by a book signing.

  • AI Ethics Roundtable: A critical exploration of the ethical implications of AI and the transformative role of Web3 technologies.

  • AI Web3 & Robotics for Kids: A fun and interactive workshop for kids to learn about AI and Web3, with hands-on experience with robots.

  • Robots Live Onsite: Witness jaw-dropping innovations in action and experience the thrill of future technologies before your eyes.

Futurist Conference aspires to be more than just an event; it aims to create a future world within a conference, immersing attendees in the cutting-edge technologies that will shape tomorrow. By offering interactive experiences, and live demonstrations, the conference allows participants to see, feel, and engage with the latest advancements in AI, Web3, and beyond.

Futurist Conference is the perfect place for these industries to convene, providing a unique platform for thought leaders, innovators, and enthusiasts to explore the transformative potential of AI and Web3 technologies. Get ready to step into the future this August.

The post Artificial Intelligence takes Center Stage at Blockchain Futurist Conference 2024 in Toronto appeared first on HIPTHER Alerts.

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Digital Payment Market to Surpass USD 21.83 Trillion by 2031 | Skyquest Technology

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