Dan Berkovitz - ARCHIVED

This is the archived account of former CFTC Commissioner Dan Berkovitz. This account is inactive.

[Laura Shin @laurashin]

CFTC Commissioners @CFTCberkovitz and @CFTCquintenz discuss:

* why leveraged crypto products concern the CFTC
* why DeFi smart contracts offering futures could be illegal
* whether the CFTC would go after smart contract developers or "market participants"
https://t.co/0JqlPc2l1v

[Dan Berkovitz - ARCHIVED @CFTCberkovitz]

Please join us this morning at 9 am as the EEMAC discusses carbon markets and @CFTC’s role in supporting the transition to a carbon-neutral economy. View the meeting at https://t.co/vSviQDt3aF.

[Dan Berkovitz - ARCHIVED @CFTCberkovitz]

CFTC must strengthen its oversight of "family offices." Archegos collapse highlights objections I raised in 2019 and 2020 to new CFTC rules that created gaps in our oversight of these large investment vehicles. We should act soon to close those gaps. https://t.co/6jIxuyaQiD

[Dan Berkovitz - ARCHIVED @CFTCberkovitz]

CFTC’s new position limit rules are effective today. The exchanges still permit excessive speculation in crude oil by allowing unlimited netting of Trading at Settlement contracts. CFTC must fix this if the exchange won’t. https://t.co/rOIemHT9N1

[Dan Berkovitz - ARCHIVED @CFTCberkovitz]

@SEC not @CFTC should enforce securities laws. @CFTC should follow @SEC’s lead and not consider waiver of disqualifications under securities laws as a condition of settlements in enforcement cases. https://t.co/vC7Bk6pMnE . My full statement at https://t.co/EsY8XqknMT.

[Dan Berkovitz - ARCHIVED @CFTCberkovitz]

We are seeing yet again the tragic consequences of our nation's failure to live up to the promise of liberty and justice for all. This promise has gone unfilled for far too long. Today I renew my commitment to this promise. https://t.co/8sIeIfmN45

[Dan Berkovitz - ARCHIVED @CFTCberkovitz]

@CFTC must determine causes of April 20 WTI price collapse and divergence from physical markets, and work with @CMEGroup to ensure WTI contract supports price discovery and risk management. https://t.co/iCtna18umf

[Dan Berkovitz - ARCHIVED @CFTCberkovitz]

At today’s EEMAC meeting, @CFTC affirmed its commitment to making our derivative markets work for all participants, including those in the energy industry that are providing critical services during this challenging time. https://t.co/Ep3FEjxGwY

[Dan Berkovitz - ARCHIVED @CFTCberkovitz]

Thanks to @NYSE for a fantastic event! Great way for @CFTC to ring in the new year & 45th anniversary.

[Chairman Tarbert - ARCHIVED @ChairmanHeath]

My fellow commissioners and I were grateful for the opportunity to open the @NYSE this morning! @CFTCberkovitz @CFTCstump @CFTCquintenz @CFTCbehnam
📸 H/T @NYSE

[Dan Berkovitz - ARCHIVED @CFTCberkovitz]

Today’s @CFTC cross-border proposal creates loopholes for US banks to evade CFTC oversight of overseas swaps activity. Transforms CFTC from vigilant watchdog guarding US shores into timid tortoise. https://t.co/9TlZxEQU0P

[Dan Berkovitz - ARCHIVED @CFTCberkovitz]

Thanks to Walt Lukken and @FIAconnect for hosting chat at FIA Asia this week. Enjoyed meeting with regulators, exchanges, and market participants to learn about vibrant and growing Asian markets. Great conference!

[Dan Berkovitz - ARCHIVED @CFTCberkovitz]

Reposted my statement in the Kraft matter after affirmation by the US Court of Appeals that Commissioners have an absolute right to speak publicly on matters before the Commission--a victory for transparency in government and our financial markets. https://t.co/nuxs8G1sy2

[Dan Berkovitz - ARCHIVED @CFTCberkovitz]

Commission votes 4-1 to provide relief for billionaires, exposing the public. I object to today’s wrong Commission action allowing billionaire family offices to operate in the dark. https://t.co/r9GysQ5DV9

[Dan Berkovitz - ARCHIVED @CFTCberkovitz]

Thanks to EEMAC participants for a lively meeting today about the evolution of environmental markets. I look forward to working with all stakeholders so our derivative markets can help address the challenges of global climate change and our energy future.

[Dan Berkovitz - ARCHIVED @CFTCberkovitz]

Thanks to .@BeefUSA for invite to 2019 Summer Meeting and dialogue with @CFTC to ensure integrity of cattle futures markets. And thanks to Steve and Case Gabel for tour of Magnum Feedyard in Wiggins, CO--an impressive operation!

[Dan Berkovitz - ARCHIVED @CFTCberkovitz]

Every day is a great day at the CFTC. But when it's Take Your Daughters and Sons to Work Day, it's THE GREATEST DAY at the CFTC!

[Dan Berkovitz - ARCHIVED @CFTCberkovitz]

Many thanks to Jim Carroll for in-depth tour of the Carroll brothers farm near Brinkley, Arkansas. The determination and ingenuity of American farmers facing many challenges is inspiring.

[Dan Berkovitz - ARCHIVED @CFTCberkovitz]

Enjoyed meeting with @RicelandFoods and @producersrice in Stuttgart, Arkansas, duck and rice capital of the world, to hear about how rice coops are supporting our nation's farmers.

[Dan Berkovitz - ARCHIVED @CFTCberkovitz]

Pleased to visit the University of Arkansas Poultry Farm and Rice Research & Extension Center @AginArk and learn about their important research projects to advance our agricultural sector. Thanks to Matt King and @ArFB for planning an excellent visit.

[Dan Berkovitz - ARCHIVED @CFTCberkovitz]

Thank you @TysonFoods for your hospitality during my visit to Arkansas!