Brian Brooks resigned from the position of CEO of BinanceUS just after three months of taking up the role. The news comes after regulatory actions on Binance in several countries. Watch-dogs around the world are afraid that the boom in cryptocurrencies is aiding money laundering and increasing systemic risks.
“Letting you all know that I have resigned as CEO of @BinanceUS,” Brooks wrote on Twitter. “Despite differences over strategic direction, I wish my former colleagues much success. Exciting new things to come!”
In a statement on Twitter confirming Brook’s resignation, Binance.com CEO Chanpeng Zhao wrote: “Brian’s work for Binance.US 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.”
Neither Brooks nor the spokesperson from BinanceUS commented more on the matter.
Brooks served as U.S. Comptroller of the Currency from May 2020 to Jan 2021. He joined Binance US as CEO in May. Before joining binance, Brooks served as a Chief Legal Officer at Coinbase. During his time as acting Comptroller, Brooks led efforts to provide regulatory clarity for stablecoins and digital asset custody.
Also Read: Binance Restricts its Derivatives Products for the Hong Kong Users
Binance is lately facing major regulatory crackdown in several countries. Responding to regulatory pressure, Binance has curbed some services on cryptocurrency bets, highly leveraged positions and trading with tokens linked to shares. It has pledged to beef up its compliance staffing.
