Acting SEC Enforcement Director Berger to Step Down

Berger presided over the enforcement division when it launched the Ripple lawsuit.

Jan 12, 2021 at 6:43 p.m. UTC
Updated Sep 14, 2021 at 10:54 a.m. UTC

The U.S. Securities and Exchange Commission's Acting Enforcement Director Marc Berger will leave the agency this month, the SEC said Tuesday.

  • Berger assumed SEC's top investigative post after former Director Stephanie Avakian's departure at the end of 2020. He had been moving up the agency ranks since December 2017.
  • SEC said Berger presided over the agency's prosecution of the Telegram initial coin offering and its initiation of the unregistered securities suit against Ripple Labs.
  • Enforcement staff pursued "meaningful relief" for victims of cryptocurrency fraud during Berger's tenure, SEC said.
The Festival for the Decentralized World
Thursday - Sunday, June 9-12, 2022
Austin, Texas
Save a Seat Now

DISCLOSURE

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.

Trending

1
Morgan Stanley Says NFTs Next to Watch After UST Collapse

Most speculative and leveraged areas of crypto markets now in focus, the bank’s analysts said.

Most speculative and leveraged areas of crypto markets now in focus, the bank’s analysts said.

2
Bitcoin Sees Seven Straight Weeks of Losses For the First Time

Fears of inflation and poor macroeconomic sentiment have caused bitcoin to fail as an inflation hedge in recent weeks.

Fears of inflation and poor macroeconomic sentiment have caused bitcoin to fail as an inflation hedge in recent weeks.

3
Crypto Hedge Fund Elwood Closes $70M Funding Led by Goldman Sachs and Dawn Capital

Dawn Capital co-led the Series A alongside CommerzVentures, Barclays, Galaxy Digital Ventures and BlockFi Ventures.

Dawn Capital co-led the Series A alongside CommerzVentures, Barclays, Galaxy Digital Ventures and BlockFi Ventures.

4
Australian Tax Office Warns Crypto Investors on Capital Gains Obligations

The rate of capital gains tax on digital assets in Australia is determined by an investor's income tax rate.

The rate of capital gains tax on digital assets in Australia is determined by an investor's income tax rate.