Page 4 - Dan Berkovitz News Today

Rep. Don Beyer’s shift is another indicator of how the tide in Washington is turning against the digital asset industry.

The U.S. Securities and Exchange Commission announced Thursday that Dan Berkovitz will step down as general counsel next month to be replaced by the agency's deputy general counsel, who once overlapped with him at law firm WilmerHale.

A regulatory official who had previously dined with FTX founder Sam Bankman-Fried and his lobbyists has stepped down from his role at the Securities and Exchanges Commission.

EXCLUSIVE — Sam Bankman-Fried, the disgraced former FTX CEO facing prison time, wined and dined a top government regulator official at a swanky Washington, D.C., restaurant with his FTX colleagues while lobbying for friendly industry regulations, emails show.

EXCLUSIVE — Sam Bankman-Fried, the disgraced former FTX CEO charged with fraud and money laundering, told a then-top official for a key financial regulator that FTX was destined to be the "umpires of the crypto industry," emails show.

<p><span>Today, the Commission will consider whether to adopt amendments to Rule 10b5-1, as well as new required corporate disclosures related to executive officers’ and directors’ trading. I am pleased to support these new requirements because, if adopted, they will help close potential gaps in our insider trading regime.</span></p>

You might remember back to 2015 when the SEC initially proposed rules to implement Section 954 of Dodd-Frank, the clawback provision. The SEC did not then consider adoption of the...

<p><span>Today, the Commission will consider whether to adopt final rule amendments to modernize the electronic recordkeeping requirements for intermediaries such as broker-dealers and security-based swap dealers. I am pleased to support these rule amendments because, if adopted, these updates would bring the Commission’s electronic recordkeeping requirements in line with technological innovation.</span></p>

The CFTC's theory that all persons who vote governance tokens in a DAO are effectively members of the DAO and therefore, personally are jointly and severally liable for all CEA and CFTC regulations' violations by the DAO, has not yet been affirmed by any court.

Natural persons and legal entities are potentially jointly and severally liable for all of a decentralized autonomous organization's (DAO) violations of the Commodity Exchange Act (CEA)...