![]() ![]() The whole idea is to replace centralized architectures that are brittle and closed with decentralized architectures that are flexible and resilient.įorbes: Before you joined the OCC as acting comptroller, you were the chief legal officer of Coinbase. The promise of crypto is to change the system. I read books and realized that the challenge was not to make the system incrementally better, but that it was fundamentally broken. I was seeing fintechs that could improve the functioning of banks by 20%, 30% and 40%, which seemed amazing to me.Then, when a friend of mine became CFO of Coinbase, I really started deeply looking at crypto. The promise of FinTech was to significantly improve those platforms through use of APIs, automated processing, straight through processing and things like that. The journey for me was that banks, mortgage companies and the like are incredibly antiquated in their technology platforms. Brooks holds a bachelor's degree from Harvard University in government and a law degree from the University of Chicago.īrian Brooks: For me crypto was an extension of fintech, which I figured out first having spent my career in banking and banking law. Prior to joining the OCC, Brooks was the Chief Legal Officer at Coinbase, where he headed the legal, compliance, audit, investigations, and government relations functions for the company, which served 20 million customers. During his tenure he gave the first national bank charter to a crypto company, Forbes Fintech 50 member Anchorage Digital, and provided numerous pieces of guidance and interpretive letters clarifying that traditional banks could hold digital assets on behalf of customers and participate in blockchain-based settlement activities. Office of the Comptroller of the Currency (OCC) from to Januunder former U.S. Before joining Binance.US, Brooks served as Acting Comptroller of the Currency at the U.S. franchise of the world’s largest cryptocurrency exchange. Brian Brooks is the CEO of Binance.US, U.S. ![]()
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