Brian Brooks, former top regulator and acting head of the US Comptroller of the Currency, has been named CEO of crypto exchange Binance.us. Brooks will lead the exchange on May 1, replacing the company’s current leader, Catherine Coley.
Binance has hired a person with ties to Washington as the US trading platform Binance.us of the company Brian Brooks will run the stock exchange. According to Alexander Osipovich of the Wall Street Journal, the former acting boss of the Office of the Comptroller of the Currency (OCC) will join the exchange at the end of this month.
The hiring follows Binance who recently hired US Senator Max Baucus who worked in Montana from 1978 to 2014.
Brian Brooks was known as “crypto-friendly,” and in November 2020, Brooks discussed China’s dominance in the bitcoin industry. “As a country, we are now dealing with geostrategic competitiveness, namely: in the United States, we want to own Internet 2.0 in the same way as Internet 1.0,” Brooks said at the time.
Additionally, this isn’t the first time Brooks has worked with a cryptocurrency firm as he played a role as chief legal officer for San Francisco-based exchange Coinbase.
A while ago, Brooks was dubbed “Crypto Comptroller” on social media and forums and then President Joe Biden chose Blake Paulson to take the lead role of the OCC. The former OCC lead recently appeared in an interview this week and also said he will start his new position at Binance on May 1, 2021.
In addition to being dubbed the “Crypto Comptroller,” Brooks once said that creating a digital US dollar would be a terrible idea. Despite this view, it appears that the Federal Reserve is well on its way to creating crypto-infused digital dollar prototypes.
Brooks also said during that particular interview that other countries have a “strategic advantage” when it comes to digital currencies and stablecoins. This is something the US government “has not yet come up with,” Brooks insisted last October.
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