CFTC commissioner Dan Berkovitz to leave office next month

CFTC commissioner Dan Berkovitz to leave office next month

CFTC Commissioner Dan Berkovitz, who drew headlines earlier this summer for his criticism of the decentralized finance ecosystem, said Thursday that he will leave office next month.

Berkovitz said in his issued statement that "[t]o every thing there is a season, and now is a time for me to turn to other challenges."

He made a passing reference to crypto in his remark, saying: "As the CFTC gained responsibility over the swaps market, and new products like cryptocurrencies have emerged, the staff has worked diligently to expand its expertise and capabilities."

Berkovitz took office in September 2018 following a nomination by former President Donald Trump. His term was set to expire in 2023.

In June, Berkovitz questioned the legality of decentralized finance systems, in particular the lack of intermediaries between participants. At the same time, he acknowledged the limited scope of his knowledge in this particular area, referring to the Wikipedia page for the topic.

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