1 year ago
The US SEC wide counsel Dan Berkovitz volition permission his relation by Jan. 31, according to a Dec. 22 statement.
Washington Examiner reported that Berkovitz “wined and dined” successful 2021 with the disgraced FTX laminitis Sam Bankman-Fried astatine a luxury Indian edifice successful Washington. Then, the regulatory main was a Commodity Futures Trading Commission (CFTC) commissioner.
While what was discussed is unknown, the study said the meal occurred portion SBF was lobbying regulators for favorable crypto regulations.
US lawmaker Tom Emmer criticized the SEC and its chairman, Gary Gensler, for holding much meetings with FTX than anyone other successful crypto. He said the committee allegedly worked to “craft a peculiar regulatory model designed to payment FTX alone.” Emmer added:
“Making backroom regulatory deals with atrocious actors is not a instrumentality successful the SEC’s toolbox.”
Meanwhile, Berkovitz antecedently criticized decentralized concern (DeFi) successful 1 of his speeches arsenic a CFTC commissioner. According to him, DeFi lacks intermediaries that regulators could complaint with protecting investors. He described DeFi arsenic “a Hobbesian marketplace.”
SEC’s main lawman wide counsel Megan Barbero volition regenerate Berkovitz.
The station General counsel Berkovitz who ‘wined & dined’ SBF to permission SEC successful Jan appeared archetypal connected CryptoSlate.
English (US) 