The U.S.S. SEC's crypto enforcer David Hirsch has left the organization.

In a post on LinkedIn, he said that he is proud of the historic work done by the crypto assets and cyber unit team that he led.

He did not say what his next professional endeavor would be.

Hirsch was the SEC's crypto enforcer against cryptocurrency exchanges and decentralized

finance projects. South African president Cyril Ramaphosa was re-elected on Friday. The candidate

from the African National Congress Party will lead the country's first multi-party coalition government.

The election results are not expected to have an impact on the country's growing

crypto industry. South Africa is one of the first African nations to set up a licensing regime

for digital assets and crypto companies, Luno, Zignali, and Valor were among the first to get

a license in April. And Canadian rapper, Drake, is on the verge of losing $1 million worth of crypto after placing two $500,000 bets on the Edmonton Oilers and the Dallas Mavericks to win their respective Stanley Cup and NBA finals.

Both the Oilers and Mavericks are down three to one in their best of seven series, which means they face elimination if they

lose their upcoming games. Drake placed the bets using Bitcoin on Crypto Casino. Steak, the

rapper, has had partnerships with the platform in the past, so he may be getting incentives to

post about these bets, even if they don't pay off.

State partnered with Drake in 2022 in a deal that the singer described as inevitable.

Stake made $2.6 billion in revenue in the same year.

That's it for CoinDesk Daily.

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