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Brian Brooks resigns as Binance US CEO amid rising regulatory woes


August 7, 2021 · By MATheGooner
Binance Coin (BNB)


Brian Brooks, the former interim Comptroller of the Currency of the United States Office of the Comptroller of the Currency, and former Chief Legal Officer at Coinbase, has resigned as CEO of Binance.US just three months after taking over the role.

Brooks announced his resignation on Twitter, citing strategic differences with the exchange as the reason for his departure.

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


Brooks did not specify the nature of the claimed strategic disagreements in his piece. The resignation comes as Binance faces increased scrutiny from several regulators and agencies across the world.

Changpeng Zhao, the CEO of Binance, expressed gratitude for Brooks’ work and expressed the hope that the former executive would continue to advocate for “regulations that move our industry forward.”

Brian's work for https://t.co/hSHrrlF7o7 has been invaluable and we hope he will continue to be an integral part of the crypto industry’s growth, advocating for regulations that move our industry forward. We wish him the very best in his future endeavors. https://t.co/ya1sEmVyPb

— CZ 🔶 Binance (@cz_binance) August 6, 2021


During the current cryptocurrency boom, Binance, the largest cryptocurrency exchange in the world, has been accused of assisting vices such as money laundering and scams.

Regulators in Hong Kong, the United Kingdom, Germany, Japan, Italy, and Thailand are all keeping an eye on the exchange.

Binance. US assured its consumers and frequent traders that the executive move would have no impact on the company’s operations.

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