Dan Berkovitz plans to leave CFTC in mid-October after 20 years of service

One of the top officials at the Commodity Futures Trading Commission, Dan Berkovitz, plans to depart the agency on Oct. 15, 2021, he said in a speech on Thursday. Berkovitz has spent the last 20 years working for the CFTC, U.S. Congress, and the private sector, but "now is a time for me to turn to other challenges." "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," he said. Berkovitz's exit comes after Commissioner Brian Quintenz left in August when his term expired. Earlier this year, Heath Tarbert resigned as chairman and chief executive of the CFTC. After the latest departure, there will be only two commissioners left on the CFTC, Acting Chairman Rostin Behnam and Commissioner Dawn Stump. CoinDesk reports that President Joe Biden is apparently considering Emory University Professor Kristen