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BREAKING: Brian Brooks Resigns as CEO of Binance.US

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Fri, 08/06/2021 - 19:35
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Alex Dovbnya
Brian Brooks has unexpectedly stepped down as the CEO of Binance's U.S. offshoot
BREAKING: Brian Brooks Resigns as CEO of Binance.US
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Former Comptroller of the Currency Brian Brooks has abruptly stepped down as the chief executive officer of Binance.US, the American subsidiary of the largest cryptocurrency exchange by reported trading volumes in the world. 

In a tweet, Brooks hinted that "differences over strategic direction" are likely the reason behind his unexpected resignation.   

In his statement, Binance CEO Changpeng Zhao says that he remains "confident" in the subsidiary's business, assuring its customer that the transition will not impact users "in any way."   

Zhao further praised Brooks for his "invaluable" work, wishing him "the very best" in a follow-up tweet. 

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The ex-top bank regulator assumed the role in early May after leaving the OCC.   

Catherine Coley, his predecessor, parted ways with Binance.US without issuing any statement. Her sudden disappearance from social media prompted speculation about her whereabouts.  

Over the past two months, Binance came under severe regulatory scrutiny in a slew of countries. This made the exchange take a proactive approach to regulatory compliance, according to a recent tweet posted by Zhao.    

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About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets, can be contacted at alex.dovbnya@u.today.