Dan Berkovitz, common counsel for the U.S. Securities and Change Fee (SEC), will step down from his place on Jan. 31.
“After thirty-four years of public service, it’s time for me to pursue new and totally different challenges and alternatives,” Berkovitz stated in a statement issued by the SEC.
Berkovitz left his place as a commissioner on the CFTC and joined the SEC in November 2021.
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Megan Barbero, the SEC’s principal deputy common counsel and a former legal professional with the Division of Justice, will exchange Berkovitz.
Berkovitz beforehand criticized decentralized finance as “a Hobbesian market” as a result of it lacked intermediaries to safeguard buyers. He additionally reportedly had dinner with disgraced crypto entrepreneur Sam Bankman-Fried in his prior place on the CFTC.
Earlier than Berkovitz joined the SEC, Bankman-Fried reportedly lobbied for Berkovitz, according to the Washington Examiner.
Bankman-Fried is presently dealing with an eight-count indictment that carries a maximum sentence of 115 years in jail.
Picture through Pixabay
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