Former Binance US CEO Brian Brooks Joins Crypto Asset Manager Hashdex

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Brian Brooks is diving into crypto again and has joined the board of crypto-focused asset manager Hashdex.

This comes nearly two years after the executive abruptly resigned as CEO of Binance.US just four months into the job, citing “differences over strategic direction.”

His unfortunate stint in the role was not mentioned in Hashdex’s press release, which instead decided to focus on his time as Coinbase’s chief legal officer and acting Comptroller of the U.S. Currency.

Brooks was recently partnered with Valor Capital Group, which invested in Hashdex. In addition to acting as Valor’s representative on the board, the entrepreneur is expected to provide global regulatory advice “to accelerate Hashdex’s continued growth in global markets” and help institutional investors gain exposure securely to digital assets.

He will also be responsible for bridging the gap between the crypto ecosystem and traditional finance at a time when US regulators are embarking on a brutal crackdown. Just this week, Ritchie Torres, a Democratic congressman from New York, openly accused Securities and Exchange Commission Chairman Gary Gensler of “intent to sabotage the industry.”

In a press release, Hashdex co-founder Marcelo Sampaio said “Brooks’ proven ability to drive a thoughtful, innovation-driven audience is indispensable at this time.”

“Brian’s extensive experience as a leader in financial regulation and the crypto industry will help Hashdex fulfill our core mission of giving investors easy and secure access to the developing crypto ecosystem,” said he added.

Despite recent market turmoil, Brooks is quoted as saying that “cryptoassets are changing the economics of almost every industry across the globe.”

Hashdex is based in Brazil and made headlines when it received approval to launch the first cryptocurrency exchange-traded fund (ETF) in Latin America.

The battle for a spot Bitcoin ETF in the US continues, but Hashdex CIO Samir Kerbage recently pointed to BlackRock’s filing with the SEC as a bullish development.

“Adoption of crypto assets has steadily accelerated over the past few years, a secular trend that continues,” he wrote in a blog post on the asset manager’s website.

Hashdex hopes Brooks’ arrival will add to that momentum.

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