Brian Brooks, a former general counsel for cryptocurrency exchange Coinbase who went on to serve as Acting Comptroller of the Currency, resigned as CEO of Binance.US after taking office in May.

In a tweet today, Brooks announced the news, writing: “Despite differences in strategic direction, I wish my former colleagues every success. Exciting new news is on the way! “

Greetings #crypto Community. I inform you that I have resigned as CEO of @ BinanceUS. Despite the differences in strategic direction, I wish my former colleagues every success. Exciting new news is coming!

– Brian Brooks (@BrianBrooksUS) August 6, 2021

Among fans of the cryptocurrency industry, Brooks made a name for himself during his 10 months at the helm of the Office of the Comptroller of the Currency, an office within the Treasury Department that regulates federal banks and credit unions. During Brooks’ brief tenure at the Trump-era OCC, the independent bureau flexed its muscles by issuing regulatory guidelines stating that federally licensed banks could use blockchain-based payment systems and even issue their own. stablecoin — Digital assets designed to mimic the dollar or other assets.

Brooks’s appointment to the Binance.US position came as a surprise, as it led to the removal of then-CEO Catherine Coley. Coley has yet to comment on the situation and still lists her previous title on social media accounts.

In a statement by, Binance CEO Changpeng Zhao thanked Brooks for his service: “Brian’s work for Binance.US has been invaluable and we hope that he will continue to be an integral part of the growth of the cryptocurrency industry, supporting the regulations that drive our industry. ahead. We wish him the best in his future endeavors «.

Binance.US assured clients of the exchange, which is in the top 10 by trading volume (for Binance-owned CoinMarketCap), that they would not be affected by the leadership transition.

Brooks declined to add anything to his comments when decrypt for comment joined him.

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