The former Comptroller claimed through a recent interview that cryptocurrencies would go through a massive adoption soon. Also, he relativized the volatility attributed to them and highlighted the returns of bitcoin.
Brian Brooks, a former Comptroller of the Currency of the United States during the government of Donald Trump, made official this Tuesday, April 20, 2021, his role as the new CEO of Binance.
In the publication, which appears on the official exchange site, Brooks considered that this is a crucial moment for the digital assets industry. In this sense, the former official assured that they are on the threshold of the massive adoption of blockchain and digital assets by citizens, governments, and other relevant institutions.
Also, in an interview with CNBC, the CEO of Binance.US reaffirmed his trust in cryptocurrencies: “The returns of bitcoin (BTC) in the last year have been positive, even better than the stock markets”, to which He also said that “volatility is not as extreme as some say.”
Brooks’ inauguration will happen during a very positive moment and context for the company. At the beginning of 2021, Binance.US reported that they quadruplicate its users’ community, and their daily trading volume amounted to around $ 1.4 billion.
Brooks Background and High Hopes on Binance.US
There are some aspects that the director expects from his work at the company:
Brooks said he is “eager to work with industry players and legislators to develop an enduring regulatory framework that allows Americans to reap the benefits of decentralized finance.” on this matter, he emphasized the need for “more clarity so that people can invest productively.”
Brooks served as the currency’s Comptroller from May 2020 to January 2021, when Donald Trump’s term came to an end. In that period, he favoured creating a regulatory environment for cryptocurrencies but previously, he was leading a legal issue at Coinbase between 2018 and 2020.
Changpeng Zhao, Founder and CEO of Binance, confirmed his positive impression of Brooks: “Brian is an esteemed leader with unsurpassed experience. In the field of traditional financial services, government and the digital asset industry. His knowledge will be invaluable as Binance.US continues to grow. “
In addition to the Brian Brooks case, this week experienced another arrival of a former US official to the large team of directors of a company linked to cryptocurrencies. This new director is Christopher Giancarlo, former chairman of the United States Commodity Futures Trading Commission (CFTC), who will join the BlockFi digital asset bank.
According to a publication by The Block, the company’s executives chose Giancarlo to offer advice “on blockchain technology, regulatory advances and growth initiatives.”
Like Brooks, Giancarlo has shown his interest in cryptocurrencies in the past. In addition to being a central player in the creation of LabCFTC, the CFTC’s technology unit has also presented its project to tokenize the US dollar on several occasions.
By: Jenson Nuñez
