• Binance’s US CEO, Brian Brooks, is stepping down. After Only Three Months as CEO

  • The CEO of the world’s largest cryptocurrency exchange’s US affiliate has stepped down.

    Brooks was the CEO of Binance US for only three months.

    Brian Brooks, the CEO of Binance.US, has resigned from the company after only a few months on the job. While he did not elaborate on the specific reasons for his abrupt departure, Brooks stated that “despite differences over strategic direction, I wish my former colleagues much success.” New and exciting things are on the way!”

    “Good day, #crypto community. I’m writing to inform you that I have resigned as CEO of @BinanceUS. Despite our differences in strategic direction, I wish my former colleagues the best of luck. New and exciting things are on the way!”

    Before taking over for Catherine Coley on May 1, the former Coinbase chief legal officer led the Trump administration’s Office of the Comptroller of the Currency (OCC).

    Brooks oversaw the federal bank and credit union regulator issue multiple interpretative letters regarding how national banks can interact with the cryptoverse, particularly stablecoins, during his tenure as OCC chairman. This implied that such banks could acquire crypto custody firms or make payments with stablecoins. Furthermore, he was in charge of the conditional approval of the first banking charter, which went to crypto-focused firm Anchorage Digital.

    Binance founder Changpeng “CZ” Zhao confirmed Brook’s resignation on Friday via Twitter, writing:

    “Brian is employed by Binance.

    US has been invaluable, and we hope that he will continue to be an integral part of the crypto industry’s growth, advocating for regulations that advance our industry. We wish him luck in his future endeavors.”

    All eyes are now on who will be appointed as the exchange’s CEO. Binance. US, on the other hand, has guaranteed that the transition will not disrupt any of its US customers’ activities, as the exchange is poised to “continue to grow and empower the future of finance.”

    Brooks’ resignation comes at a time when Binance Holdings, the world’s largest cryptocurrency exchange, is embroiled in a battle with global regulators over consumer protection.

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