Former SEC Director who led Ripple action lands new role at Ethereum law firm
By Samuel Wan. April 17, 2021. (CryptoSlate).
Ex-Acting Director of the Division of Enforcement, will join Simpson Thacher, a member of the Enterprise Ethereum Alliance, later this year. This leads some to ask whether a conflict of interest took place in the SEC granting Ethereum’s non-securities status.
According to news outlet Bloomberg, Marc Berger, who stepped down from his role at the US Securities and Exchange Commission (SEC) in January, will join New York-based Simpson Thacher in June. Berger was instrumental in bringing legal action against Ripple on allegations of selling an unregistered security in the XRP token.
A key point throughout the hearing process has been the SEC’s nod of approval towards both Bitcoin and Ethereum, which they deem as not securities. Questions are now being asked following Berger’s appointment at a member firm of the Enterprise Ethereum Alliance.