In a renewed push to become a government regulator-friendly crypto exchange, Binance has hired the former American banking regulator, the WSJ reports. Brian Brooks, the ex-head of the US currency control office, is expected to take charge on the first of May and run the world’s biggest exchange operations.
A former finance executive Catherine Coley is currently running the US arm of Binance. Over her years in the market, she has been associated with Silicon Valley and Ripple. However, it remains unclear what her roles would be after Brooks’ takeover.
During his time in office as the acting OCC, Brooks was often called “crypto controller,” thanks to his crypto-friendly policies. Moreover, under him, the Office of Currency Controller gave the go-ahead to financial institutions to offer custody services for crypto assets. Reportedly, Brooks said that he aims to take the company to new heights and make it a competitor to Coinbase.
Binance Push To Becoming Regulator-Friendly
Experts see Brooks’ hiring suggests that Binance is doing its best to hire former Washington officials to represent the company in front of lawmakers and federal agencies. A month ago, it surprised the world with its announcement to hire a former Senator Democrat, Max Baucus, to take over the company’s government relations office.
These two faces are not the only high-profile faces in the crypto world. A little while ago, Coinbase revealed that it had hired a former SEC director Brett Redfearn to head its markets and trading. Plus, another exciting blockchain-inspired startup that uses the technology to revolutionize interbank payments hired Christopher Giancarlo, the former chairman of CFTC.