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Brian Brooks is stepping down as managing director of crypto exchange Binance.US just three months after being appointed to the post.
Brooks reveals to his 57,900 followers the reason for his suddenly Departure.
“Hi the crypto community. I let you know that I have resigned as CEO of BinanceUS. Despite the differences on the strategic direction, I wish my former colleagues every success. New exciting things to come! “
In response, Binance CEO Changpeng Zhao praised Brooks’ work as CEO of Binance’s U.S. branch, saying the transition will not affect the crypto giant’s clients.
“Brian’s work for Binance.US has been invaluable and we hope it will continue to be an integral part of the growth of the crypto industry, advocating for regulations that move our industry forward. We wish him the best in his future endeavors. “
Brooks pulls out as Binance faces regulatory hurdles.
Hong Kong, Great Britain, Japan and Italy are crack down on Binance amid concerns about the exchange’s regulatory status.
Brooks was the actor lead of the Office of the Comptroller of the Currency (OCC) before assuming his leadership role at Binance on May 7. During Brooks’ tenure at the OCC, the federal banking regulator has issued guidelines clarifying that banks can offer cryptocurrency custody services and use stablecoins to conduct payment activities.
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Featured Image: Shutterstock / NextMarsMedia
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