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US SEC General Counsel Dan Berkowitz plans to resign by January 31, according to a December 22 report. statement.
Washington Jury report Berkowitz “wine and dine” with infamous FTX founder Sam Bankman-Fried at Washington’s fine Indian restaurant in 2021. The head of regulation was then the Commissioner of the Commodity Futures Trading Commission (CFTC).
It is unclear what was discussed, but the report said the dinner took place while the SBF lobbied for crypto regulation in favor of regulators.
US Rep. Tom Emmer has criticized the SEC and its chairman, Gary Gensler, for holding more meetings with FTX than anyone else in the cryptocurrency industry.he Said The commission is said to have worked to “create a special regulatory framework designed to benefit FTX only.” Emmer added:
“Conducting behind-the-scenes regulatory transactions with bad actors is not a tool in the SEC’s toolbox.”
Meanwhile, Berkowitz has previously criticized decentralized finance (DeFi). speech As CFTC Commissioner. According to him, DeFi lacks intermediaries that regulators can charge to protect investors. He described DeFi as “Hobbes’ market.”
Megan Barbero, the SEC’s chief deputy general counsel, will succeed Berkovitz.
