Binance.US hires Brian Brooks as the CEO of the company. He will start the new job on May 01.
Brooks was acting head of the Office of the Comptroller of the Currency under the Trump administration. Now the Senate in the Democratic hands and President Biden pick Blake Paulson as a head of OCC.
Brooks is a supporter of cryptocurrencies and blockchain innovation. As head of OCC, he issued guidance that said that national banks and credit unions could use blockchain technology and stablecoins for payment activities. This is a major shift in the policy. Blockchain technology can make transactions easier, cheaper, and faster than the method that the banks use right now.
Before that Brooks was also the chief legal officer at crypto exchange Coinbase. The company went public via a direct listing last week and hit a valuation of $100B.
Last month Binance hired another high-profile US politician – the US Senator Max Baucus. He joined as an advisor on policy and government relations and is expected to consult with US regulators on their crypto policies.
It looks that one of the largest crypto exchanges in the world is trying to protect the crypto industry while hiring US politicians. What will be the result of this idea?
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