Three months into the job, Brian Brooks, CEO of Binance.us, announced his resignation. His Twitter announcement stated he and his peers had “differences over strategic direction.” Prior to joining Binance.us, Brooks worked in the Office of the Comptroller of the Currency. This federal branch regulates all national banks. During his time as comptroller, Brooks advocated for many pro-crypto reforms.
Greetings #crypto community. Letting you all know that I have resigned as CEO of @BinanceUS . Despite differences over strategic direction, I wish my former colleagues much success. Exciting new things to come!— Brian Brooks (@BrianBrooksUS) August 6, 2021
In hiring Brooks, Binance.us seemed to be making a strategic move to demonstrate their improved regulatory standing. As Brooks was a previous regulator for the federal government, his hire at Binance.us seemed to be make strides toward achieving a more federally regulated status. At this time, regulation has been on the forefront of the crypto community. Binance’s CEO Changpeng “CZ” Zhao publicly thanked Brooks for his work and contributions to the crypto community, ensuring Binance customers would not be impacted.
Brian's work for https://t.co/hSHrrlF7o7 has been invaluable and we hope he will continue to be an integral part of the crypto industry’s growth, advocating for regulations that move our industry forward. We wish him the very best in his future endeavors. https://t.co/ya1sEmVyPb— CZ 🔶 Binance (@cz_binance) August 6, 2021