David Hirsch, the Chief of the SEC's Crypto Asset and Cyber Unit, has resigned.

Hirsch's resignation comes amid escalating political pressure and internal changes.

He has denied rumors about plans to join a memecoin launch platform.

Hirsch's departure creates a significant gap in the SEC's oversight of the crypto industry.

During his tenure, Hirsch led enforcement actions against fraudulent crypto activities and major exchanges like Binance and Coinbase.

The SEC is under pressure to make decisions on spot Ethereum ETFs, with feedback on amended filings expected before Independence Day.

Hirsch's departure, along with other personnel changes in the enforcement division, signals a period of transition within the SEC.