SEC General Counsel Quits After ‘Cozy Relationship’ With SBF and FTX
- December 23, 2022
OLADAPO HAPOSTLE, Bitcoin World
The General Counsel of the United States Securities and Exchange Commission (SEC) has announced his intention to leave the agency in January.
According to a Dec. 22 Washington Examiner report, SEC General Counsel Dan Berkovitz announced his departure from the agency on January 31.
According to the report, the government official had previously “wined and dined” with FTX founder Sam Bankman-Fried and his lobbyists.
“It is time for me to pursue new and different challenges and opportunities after thirty-four years of public service,” Berkovitz said. Berkovitz is also a former Commodity Futures Trading Commission commissioner (CFTC).
In addition, his announcement comes on the same day that SBF was granted bail in the amount of $250 million.
Berkovitz had a “cozy relationship” with SBF and FTX, according to the Examiner. It cited emails obtained by the watchdog Protect the Public Trust, which reported on the resignation as well.