It’s been a little over three months since Brian Brooks started work as CEO of Binance.US, an affiliate of the world’s largest cryptocurrency exchange, which has recently attracted regulatory scrutiny in several jurisdictions. Until January, Brooks was the head of U.S. banking regulator, the Office of the Comptroller of the Currency (OCC).
Brooks cited strategic differences for the departure in a Tweet, with the resignation confirmed in another Tweet from Binance.
Before joining the OCC, Brooks worked at Coinbase as Chief Legal Officer. When he took on the OCC role in April 2020, he received $4.6 million for canceling his options contract. Just a year later, the stock owned by Paul Grewal, his Coinbase replacement, was worth $300 million when Coinbase was listed. Changpeng Zhao, founder and CEO of Binance has stated that there are plans to list Binance.US, but it is not imminent.
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