Brian Brooks has resigned from his position as CEO of Binance.US, the San Francisco-based subsidiary of Binance.
Brian Brooks Was CEO for Three Months
Brooks was hired as the CEO of Binance.US in late April, meaning that he served in that role for just three and a half months.
Today, he cited “differences over strategic direction” as his reason for stepping down, but did not expand on those disagreements.
Prior to his work with Binance, Brooks was known for heading the Office of the Comptroller of the Currency (OCC) under the Trump administration. He served in that role between May 2020 and January 2021. Brooks was recognized for his pro-crypto stance; notably, he allowed banks to work with stablecoins during his term.
He also served as the Chief Legal Officer at Coinbase, another top crypto exchange, prior to taking that government position.
Rapid Staff Changeovers
Before Brooks joined Binance.US as CEO, the exchange was headed by Catherine Coley. Coley served as CEO for roughly one and a half years after Binance.US was established in September 2019.
Today’s news incidentally comes as Binance CEO Changpeng Zhao suggested that the firm is continually seeking a new CEO. It does not seem that these two events are related to each other.
The rapid staff changeovers are unlikely to inspire confidence in critics of Binance. However, given Binance’s established nature, it does not seem that Brooks’ departure will disrupt the company.
Disclaimer: At the time of writing this author held less than $75 of Bitcoin, Ethereum, and altcoins.
The information on or accessed through this website is obtained from independent sources we believe to be accurate and reliable, but Decentral Media, Inc. makes no representation or warranty as to the timeliness, completeness, or accuracy of any information on or accessed through this website. Decentral Media, Inc. is not an investment advisor. We do not give personalized investment advice or other financial advice. The information on this website is subject to change without notice. Some or all of the information on this website may become outdated, or it may be or become incomplete or inaccurate. We may, but are not obligated to, update any outdated, incomplete, or inaccurate information.
You should never make an investment decision on an ICO, IEO, or other investment based on the information on this website, and you should never interpret or otherwise rely on any of the information on this website as investment advice. We strongly recommend that you consult a licensed investment advisor or other qualified financial professional if you are seeking investment advice on an ICO, IEO, or other investment. We do not accept compensation in any form for analyzing or reporting on any ICO, IEO, cryptocurrency, currency, tokenized sales, securities, or commodities.
See full terms and conditions.
Source: Read Full Article