Dan Berkovitz, one of iii commissioners currently serving at the The states Article Futures Trading Committee, will exist joining the Securities and Exchange Commission as full general counsel following his difference in October.

In a Tuesday announcement, the Securities and Exchange Commission, or SEC, said Berkovitz would assume the role of full general counsel starting on Nov. 1, two weeks after stepping downwards as a commissioner of the Article Futures Trading Committee, or CFTC, where he has served since 2022. Berkovitz said he will exist working with SEC chair Gary Gensler on a "regulatory agenda that will enhance investor protection."

Though his term at the CFTC was originally set to stop in 2023, Berkovitz appear in September that he was planning to leave on Oct. xv. His departure follows U.S. President Joe Biden tapping Kristin Johnson and Christy Goldsmith Romero to fill the CFTC seats left by former chair Heath Tarbert and Brian Quintenz. The White Firm has not however named a possible replacement for Berkovitz.

This month, Berkovitz said the CFTC's enforcement actions in the crypto infinite have been "ambitious," citing a $100 million civil monetary penalisation confronting derivatives exchange BitMEX. The CFTC commissioner has also hinted that decentralized finance platforms were likely illegal under the Commodity Commutation Human action, saying there is a "spectrum of centralization" around projects in the DeFi space that could brand them discipline to registration at the government agency.

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Berkovitz will be serving the American people while under the leadership of Gary Gensler, who has argued that many crypto projects accept created securities that fall under the SEC'southward regulatory framework. In August, the SEC chair said he hopes to introduce crypto-related policy changes surrounding token offerings, decentralized finance, stablecoins, custody, exchange-traded funds and lending platforms.