Binance US, the largest cryptocurrency exchange in the United States and the entire world by market capitalization has made an announcement. The cryptocurrency exchange has announced it has gone ahead and appointed a new chief executive officer (CEO) for the firm.
According to reports, Brian Brooks has been appointed as the new CEO of the cryptocurrency exchange, Binance. Brian Brooks was formerly the acting Comptroller of the Currency at the United States Office for the comptrollership.
Binance executives made the announcement around the appointing of the new and departure of the current CEO on Tuesday, April 20, 2021.
As of now, the chief executive officer at Binance US is Catherine Coley who will be working at Binance US until the end of the month of April. According to the Binance US officials, Coley will be taking care of her responsibilities as the CEO of Binance US until Friday, April 30, 2021.
After Coley’s departure, Brian Brooks will be taking over as the CEO of Binance US and will take charge of the exchange’s US operations.
According to sources, this is not the first time for Brian Brooks to be a part of the cryptocurrency industry. He was formerly the head of the legal team at Coinbase, which is also another cryptocurrency exchange, considered one of the tops in the line.
Over time, Brooks has earned a lot of recognition and respect among the cryptocurrency industry as well as the regulatory authorities in the US. Throughout his tenure being linked with the cryptocurrency industry, he has worked hard to portray the positive picture of cryptocurrencies in front of the regulators.
His efforts involve providing as much clarity to the regulatory authorities about the usage of cryptocurrencies. He has also worked a lot to ensure that the cryptocurrencies operating in the country are adherent to the regulatory policies and requirements.
Ever since he became part of the cryptocurrency industry, he has tried his best to bring the cryptocurrency firms and the regulators on the same page.
Brooks has made all the necessary efforts to make sure that the regulatory implementations over cryptocurrencies in the United States become enough flexible so that the industry can thrive in the country.
For his hard work and dedication towards providing cryptocurrencies a legal status and reputation among regulators, the cryptocurrency community has given him several titles.
A couple of the major titles given to him by the cryptocurrency community include “Crypto Comptroller” and “First Fintech Comptroller”.
Working as the comptroller of the currency, Brooks had served the United States office between the period May 2020 and January 2021.
According to the global Binance executives, Brooks will prove to be one of the most reliable and farsighted personalities that the company needs in order to expand its coverage all over the world.