RATE Group | Coinbase’s Chief Legal Officer Resigns to Oversee US National Banking System
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Coinbase’s Chief Legal Officer Resigns to Oversee US National Banking System

17 Mar Coinbase’s Chief Legal Officer Resigns to Oversee US National Banking System

Posted at 02:43h in Cryptocurrency News by

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Amid an ongoing global health and financial crisis, Coinbase, one of the most popular cryptocurrency trading platforms in the United States, is losing another key executive.

Brian Brooks, Coinbase’s chief legal officer will resign from the company to join the Office of the Comptroller of the Currency (OCC), an independent banking regulator operating under the U.S. Department of the Treasury, the OCC announced on March 16.

Famous crypto skeptic Treasury Secretary Steven Mnuchin appointed Brooks

According to the official announcement, Brooks has been designated as first deputy comptroller — the agency’s second-highest position — by Treasury Secretary Steven Mnuchin. Brooks will also serve as the OCC’s chief operating officer effective April 1, the announcement reads.

A known sceptic of cryptocurrencies like Bitcoin (BTC), Mnuchin outlined Brooks as a “strong leader with extensive experience in the financial services sector,” adding that he is excited to work together to…

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