DeFi

SEC crypto chief Hirsch resigns after nearly a decade

Published

7 months ago

17 June, 2024

Hirsch played a key role in enforcing regulations against cryptocurrency exchanges and decentralized finance (DeFi) projects.

David Hirsch, head of the Securities and Exchange Commission’s (SEC) Crypto Asset and Cyber unit, has resigned after nearly nine years with the agency. Starting as a lawyer, Hirsch rose through the ranks to lead one of the SEC’s most critical units.

His tenure was marked by significant developments and challenges in the field of cryptocurrency application.

Reflection on his mandate

On June 17, Hirsch surrendered LinkedIn to announce his departure.

“Last Friday was my last day with the SEC after almost 9 years,” Hirsch wrote. “During that time, I had the opportunity to work on more complex and difficult investigations and issues than I otherwise would have. never imagined when I joined the agency as a lawyer. in the Fort Worth regional office.

Hirsch began his role as head of the Crypto Asset and Cyber Unit in October 2022, after serving as a law enforcement attorney since 2015.

During his nearly nine years at the SEC, Hirsch became known for his tough measures against cryptocurrency exchanges and decentralized finance (DeFi) projects. He played a central role in shaping the SEC’s approach to crypto regulation, often finding himself at the center of high-stakes legal battles.

Hirsch acknowledged the heavy litigation burden the SEC faces, noting, “The agency can’t tackle everything, but it is not done pursuing those it considers to be violating securities laws.” movable. »

One of his most important contributions was leading the Crypto Assets and Cyber unit. Under his leadership, the unit handled numerous high-profile cases, setting precedents and enforcing compliance in an often controversial and rapidly evolving industry.

“I am particularly proud of the historic work accomplished by the Crypto Assets and Cyber Unit team that I have had the privilege of leading,” said Hirsch.

Future plans

Although Hirsch didn’t provide specific details about his next career move, he did mention taking a break before sharing his plans. Reflecting on his departure, he said:

“It’s difficult to leave the agency that has given me so much, but I’m excited about the next set of challenges that may come my way.”

Hirsch expressed gratitude to his colleagues for their shared commitment to upholding the law and protecting investors.

The Crucial Role of the SEC in Crypto

With Hirsch’s departure, the SEC remains a vital player in the cryptocurrency landscape, especially with the increasing politicization of cryptocurrency issues in the United States as the presidential elections approach.

The agency has confronted growing pressure from lawmakers and industry players. Recently, there have been calls for the SEC to approve Ethereum spot exchange-traded funds.

Meanwhile, SEC Chairman Gary Gensler continues to be a polarizing figure within the crypto community, known for his strict regulatory stance.

Fuente

DeFi

If You Missed BONK and PEPE This Year, This Viral New Crypto Might Be Your Salvation

Published

6 months ago

29 July, 2024

CoinFlix Staff

If You Missed BONK and PEPE This Year, This Viral New Crypto Might Be Your Salvation

Bonk and Pepe appear set to net new investors 10x to 100x returns over the next 12 months. However, cryptocurrencies in the DeFi play-to-earn gaming sector could offer even greater returns. As August approaches, Rollblock is emerging as a standout DeFi play-to-earn gem with the potential to 100x-1000x gains in the fourth quarter and beyond.

The project features an innovative revenue sharing model and exceptional accessibility, attracting players and investors. Additionally, Rollblock’s extensive game library of over 150 titles and enhanced sports betting are further driving excitement for the platform. Cryptocurrency analysts are expecting a sudden surge in demand. 800% a push for Rollblock from the beginning of September.

Bonk remains strong despite market fluctuations

While most well-known cryptocurrencies struggled throughout July, Bonk remained strong. As one of the highest-grossing meme cryptocurrencies of 2024, Bonk rose over 24% in July, while most cryptocurrencies experienced negative fluctuations.

Investors looking to add a relatively safe memecoin to their portfolio should consider Bonk. While Bonk is unlikely to generate explosive gains of 250x to 1,000x from here on out, Bonk could still theoretically provide returns in the 20x to 100x range.

Pepe should see a big rise in the next bull run

Alongside Bonk, Pepe has yet to go through a bull run. This means that there are still substantial gains to be made from Pepe over the next 12 months.

Pepe is down 4% in 30 days, but that shouldn’t worry Pepe investors in 2024. Experts believe Pepe’s best days are still ahead, with crypto analysts predicting a 10x to 50x surge in the next election cycle around November.

In the long term, Pepe could surpass the 100x mark for today’s investors. However, Pepe is a memecoin, and one should exercise caution when investing in purely speculative assets that have no utility.

Rollblock’s Unprecedented Hype Potential Could Push It Past 100x Valuation in Q4

Rollblock is a GambleFi Play-to-Earn token that integrates centralized and decentralized gambling on a single platform. By allowing players to earn rewards through active participation and gameplay, the platform creates a compelling incentive structure that appeals to both casual and competitive players.

With its cutting-edge blockchain technology, Rollblock offers top-notch security that keeps bets and transactions on the platform secure. The platform’s lack of KYC mandates appeals to both users who value anonymity and security.

Rollblock’s revenue sharing model, which allocates up to 30% of casino revenue to RBLK token holders, is a major draw for investors. The model involves burning half of the repurchased tokens and distributing the other half to stakers, increasing the token’s value and encouraging long-term investment.

The platform is also constantly evolving thanks to user feedback which has enabled updates such as the upcoming sports betting feature within the platform’s casino. This addition will complement Rollblock’s extensive game library of over 150 titles, ranging from traditional poker to innovative blockchain-based games.

RBLK is expected to emerge as one of the leading DeFi tokens in 2024. With a price of $0.0172 with impressive growth potential and over 140 million tokens sold recently, Rollblock is on track to enter the top 100 cryptocurrencies by Q4, making today a lucrative time to buy RBLK tokens.

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Fuente

DeFi

Cryptocurrency sector is experiencing ‘most misjudged moment’ since 2020, says venture capitalist Arthur Cheong

Published

6 months ago

29 July, 2024

CoinFlix Staff

Cryptocurrency sector is experiencing ‘most misjudged moment’ since 2020, says venture capitalist Arthur Cheong

Veteran cryptocurrency investor Arthur Cheong believes the digital asset sector offers long-term holders a golden opportunity.

Cheong, the founder of DeFiance Capital, tell His 171,700 followers on social media platform X indicate that he believes decentralized finance (DeFi) is hugely undervalued.

According to Cheong, DeFi projects are innovating at a rapid pace and leaving traditional financial (TradFi) companies in the dust.

“It’s been a long time since I’ve been this excited about the risk/reward and potential upside of DeFi. This is probably the most misjudged moment since the pre-DeFi summer of 2020, with extremely promising prospects.

I see opportunities not only in OG (original) DeFi, but also in some newer projects that are evolving rapidly and growing at a pace that fintech startups will do anything to match.

The veteran investor also believes that crypto is now here to stay following recent launch from the Ethereum spot market (ETH) exchange-traded funds (ETFs) last week.

“Overall, the floodgates are open and there is no turning back. TradFi asset managers will continue to launch new crypto products because, guess what: there is huge demand for them!”

I expect them to launch actively managed crypto ETFs [in the] coming years. ”

Earlier this month, Cheong laid that it might be a bad strategy for cryptocurrencies to seek mass adoption, believing that digital assets are designed to disrupt several key financial sectors.

“I think we should accept that cryptocurrencies may not be suited for mass adoption like Web2, but rather are optimized for some narrow but very high-impact use cases like stateless global money, cross-border payments, and decentralized finance.

Chasing mass adoption of normies may be chasing the wrong Grail from the start.

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