Bitcoin Exchange Binance.US CEO Brian Brooks Suddenly Resigns After Just Four Months

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Brian brooks

Binance.US

Binance.US CEO Brian Brooks resigned just four months after joining the U.S. franchise of the world’s largest cryptocurrency exchange Binance.com.

In a tweet today, he wrote: “Despite the differences on strategic direction, I wish my former colleagues every success. New and exciting things to come!”

He took office on May 7 after a very productive role as the Acting Comptroller of the Currency, where he oversaw the federal banking regulator issuing the first national banking charter to a cryptocurrency firm, Anchorage Digital, and a provided guidance and interpretive letters paving the way for banks to hold collateral underlying stablecoins and participate in the clearing and settlement of blockchain-based transactions.

In a broad interview with Forbes a few weeks ago, he laid out a broad vision for Binance.US that went far beyond operating a cryptocurrency exchange. In fact, he said the trading business is not a profitable business in the long run.

He also highlighted the efforts he will be making to create greater independence from Binance.US, such as adding additional US-based members to its 3-person board and noted that the company was in the midst of an impressive fundraiser, stating that the terms sheets had been signed.

In a Twitter statement confirming Brooks’ resignation, Binance.com CEO Chanpeng Zhao wrote:

Binance.com statement on Brooks resignation

Binance

No other reason was given for the resignation, and a spokesperson for Brooks declined to give details.

Attention will now turn to his successor. Parent company Binance.com has been beset by accelerated regulatory oversight around the world, placing more emphasis on local regulated franchises such as Binance.US.

Some may wonder if her predecessor, Catherine Coley, who has remained silent since being replaced by Brooks, could take over the post she held as the first CEO of Binance.US.

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I’m a research director for digital assets at Forbes. I was recently Social Media / Copy Lead at Kraken, a US-based cryptocurrency exchange. Before

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I’m a research director for digital assets at Forbes. I was recently Social Media / Copy Lead at Kraken, a US-based cryptocurrency exchange. Prior to joining Kraken, I served as COO at the Wall Street Blockchain Alliance, a non-profit trade association dedicated to the full adoption of cryptocurrency and blockchain technologies in global markets. . Prior to joining the WSBA, I was the Senior Associate in the Emerging Technologies practice at Spitzberg Partners, a business consultancy firm that advises leading companies across industries on blockchain technology. Previously, I was Vice President / Chief Strategy Analyst at Citi FinTech, where I led strategic development and business development initiatives for Citigroups’ retail and consumer banking businesses in 20 countries. . I also served for five years as Senior Intelligence Analyst at Booz Allen Hamilton, in support of the US Department of Defense. I have a bachelor’s degree in business administration from the Tepper School of Business at Carnegie Mellon University and a master’s degree in international affairs from the School of International and Public Affairs at Columbia University. Additionally, I am a Certified Information Privacy Professional (US, Canada, and European Union) and a Certified Information Privacy Technologist at the International Association of Privacy Professionals (IAPP).

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