Trump appoints Brooks as Comptroller of Currency

President TrumpDonald John Trump Tucker Carlson Assures Viewers His Show ‘Going Nowhere’ After Presidential Election Trump’s Senior Advisors Deterred President From Military Strike Against Iran: Report Senators Clash On The Ground to wear masks: “ I don’t need your instructions ” MORE on Tuesday announced plans to appoint Interim Currency Comptroller Brian Brooks for a full five-year term as head of the federal banking regulator.

Brooks has been the acting head of the Office of the Comptroller of the Currency (OCC) since May after the abrupt resignation of former controller Joseph Otting. He was Deputy Controller of the OCC until Otting left and served as Legal Director of the Coinbase cryptocurrency exchange before joining the agency in 2018.

Brooks called his pending appointment a “great honor” in a Tuesday statement and pledged to “work tirelessly to ensure that the agency continues to fulfill its core mission and that the men and women of this agency have the resources, training and leadership they need to be successful. in their duties.

If the Senate confirmed, Brooks would begin a five-year term as OCC head shortly before the president-elect Joe bidenJoe Biden Tucker Carlson assures viewers his show is ‘going nowhere’ after presidential election Trump senior advisers deter president from military strike against Iran: report Senators clash on the ground for wear masks: “ I don’t need your instructions ” takes office and would probably cut him short. The President can dismiss the Comptroller of the Currency at will and appoint an acting replacement until his candidate is confirmed by the Senate.

It’s unclear how Brooks’ firing as Senate confirmed director instead of interim director might impact how Biden replaces him.

Senate Republicans also face a narrowing window to confirm Brooks while the GOP controls the upper house. Brooks’ appointment would expire if the Senate is unable to confirm it before the new Congress is called in January, and he is unlikely to receive much, if any, support from Democrats.