[ad_1] <br><div><p class="core-block"><strong class="core-block">Dan Berkovitz</strong>, basic counsel for the U.S. Securities and Change Fee (SEC), will step down from his place on Jan. 31.</p><p class="core-block">"After thirty-four years of public service, it's time for me to pursue new and totally different challenges and alternatives," Berkovitz mentioned in a <a target="_blank" href="https://www.sec.gov/news/press-release/2022-235" class="core-block" rel="noopener">statement </a>issued by the SEC.</p><p class="core-block">Berkovitz left his place as a commissioner on the CFTC and joined the SEC in November 2021.</p><p class="core-block"><em class="core-block">Additionally learn: <a target="_blank" href="https://www.benzinga.com/markets/cryptocurrency/22/12/30177744/analysis-donald-trumps-nft-launch-offers-some-key-takeaways-for-the-crypto-world" class="core-block" rel="noopener">Analysis- Donald Trump's NFT Launch Offers Some Key Takeaways For The Crypto World</a></em></p><p class="core-block"><strong class="core-block">Megan Barbero</strong>, the SEC's principal deputy basic counsel and a former legal professional with the Division of Justice, will substitute Berkovitz.</p><p class="core-block">Berkovitz beforehand criticized decentralized finance as "a Hobbesian market" as a result of it lacked intermediaries to safeguard traders. He additionally reportedly had dinner with <a target="_blank" href="https://www.benzinga.com/markets/cryptocurrency/22/12/30178560/with-100k-to-his-name-ftx-founder-sam-bankman-fried-will-be-released-on-250m-bail" class="core-block" rel="noopener">disgraced crypto entrepreneur </a><strong class="core-block">Sam Bankman-Fried</strong> in his prior place on the CFTC.</p><div class="sc-jSYIrd gkejKC all-devices-only"><div class="lazyload-wrapper " style="min-height:100px"/></div><p> <style><![CDATA[ .adBox { text-align: center; } ]]></style> </p><p class="core-block">Earlier than Berkovitz joined the SEC, Bankman-Fried reportedly lobbied for Berkovitz, <a target="_blank" href="https://www.washingtonexaminer.com/policy/economy/sec-official-steps-down-ftx-connection" class="core-block" rel="noopener">according</a> to the Washington Examiner.</p><p class="core-block">Bankman-Fried is at present going through an eight-count indictment that carries a <a target="_blank" href="https://www.benzinga.com/markets/cryptocurrency/22/12/30146802/ftx-founder-sam-bankman-fried-faces-life-in-prison-consents-to-us-extradition" class="core-block" rel="noopener">maximum sentence of 115 years in jail</a>.</p><p class="core-block"><em class="core-block">Picture through Pixabay</em></p><p class="core-block"> </p><p class="core-block"> </p><p class="core-block"><em class="core-block">Subsequent: <a target="_blank" href="https://www.benzinga.com/markets/cryptocurrency/22/12/30179158/chiliz-coms-arg-token-experiences-sudden-collapse-after-argentinas-world-cup-success-is-it" class="core-block" rel="noopener">Chiliz.com's ARG Token Experiences Sudden Collapse After Argentina's World Cup Success: Is It A 'Pump and Dump' Scheme?</a></em></p><p class="core-block"> </p></div> <br>[ad_2] <br><a href="https://news.google.com/__i/rss/rd/articles/CBMijgFodHRwczovL3d3dy5iZW56aW5nYS5jb20vbWFya2V0cy9jcnlwdG9jdXJyZW5jeS8yMi8xMi8zMDE4NDc5OS9zZWMtZ2VuZXJhbC1jb3Vuc2VsLXF1aXRzLW92ZXItYWxsZWdlZC1jb3p5LXJlbGF0aW9uc2hpcC13aXRoLXNhbS1iYW5rbWFuLWZyaWVk0gEtaHR0cHM6Ly93d3cuYmVuemluZ2EuY29tL2FtcC9jb250ZW50LzMwMTg0Nzk5?oc=5">Source link </a>