Critic Defi Dan Berkovitz will become general adviser SEC

The Commissioner of the Criminal Code of Exchange Trade (CFTC) Dan Berkovitz will take the position of general adviser SEC . This was reported in the press release.

John Coutts, the current general adviser to the department, will leave the post next month to return to teaching at Harvard University.

Berkovitz announced his departure from CFTC in early September. Initially, the completion of his powers was expected at the end of 2023.

Previously, Dan Berkowitz expressed the opinion that Defi platforms for trading derivatives may violate the “Law on Product Exchange” US.

The official is convinced https://gagarin.news/ that intermediaries play a key role in the current financial system. In his opinion, they provide critical services and are responsible for customer funds.

Recall that the SEC head Gary Gensler previously announced the need for “normative frames” for the crypto industry. He recently compared stablecoins with poker chips.

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