Brian Brooks Resigns as CEO of Binance.US
His departure comes just months after he was hired for the position.
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Brian Brooks has resigned from his position as CEO of Binance.US, the San Francisco-based subsidiary of Binance.
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
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.