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Binance US has hired Brian Brooks as CEO. Brooks was previously the ex-chief executive of Coinbase and chaired the OCC during Donald Trump's presidency.
After Brooks left the public sector back in January of this year, the crypto community began to monitor what his next “stop” would be. In March, he joined the board of directors at a data exchange startup - Spring Labs. However, his appointment as CEO of Binance US looks many times more interesting. Brooks confirmed his appointment today, when it became known that the former director Katherine Coley will leave the company in May this year, and he will replace her in office starting May 1.
While at the OCC, Brian Brooks published several letters on how exactly the largest US banks could cooperate with digital currencies and representatives of the crypto industry. As one of the examples of interaction, he cited stablecoins, services for storing digital currencies, as well as the purchase of tokens in large volumes, collaborating with their suppliers.
Binance CEO Changpeng Zhao welcomed Brooks to the crypto exchange team, saying that his knowledge and experience are invaluable, especially during the expansion phase of the Binance US platform.
Brooks himself said that soon users will notice how the site will begin to increase additional services and become more diversified, offering not only trading with the participation of cryptocurrency assets. He also noted that all plans primarily depend on the speed of obtaining the relevant licenses in the country.
In recent months, this is not the first message about a representative of the state secretariat who has joined the cryptoindustry. Collaborating with such talent can be especially valuable for large exchanges in terms of promoting their interests and expanding their influence in the American market. Not to mention avoiding potential conflicts with regulators by involving experts in the field of jurisdiction. The only drawback, according to Internet users, is that the attraction of government officials to digital currencies runs counter to the initial “policy-free” and “libertarian” position of the crypto community participants.