Former US OCC Head Joins Hashdex’s Board of Administrators

Brian Brooks – former US Comptroller of the Forex – turned the most recent member of Hashdex’s Board of Administrators. He’ll function a strategic adviser to the crypto asset supervisor and counsel its efforts within the regulatory area.

Brooks has expertise working for a digital asset agency since he was the Chief Govt Officer of Binance US in 2021. He later served because the CEO of the crypto mining firm Bitfury Group earlier than stepping down in October 2022. 

Brooks’ Subsequent Crypto Problem

The worldwide crypto-focused asset supervisor – Hashdex – introduced that Brooks turned the fifth member of its Board of Administrators. As a part of his duties, he’ll information the corporate’s technique and supply counsel on rules to supply institutional buyers entry to the digital asset ecosystem.

Brooks will even goal to boost the agency’s efforts to bridge the hole between conventional finance and the cryptocurrency business by inking very important offers with financial organizations and lawmakers throughout the globe. 

Hashdex’s CEO Marcelo Sampaio believes Brooks’ “intensive expertise” within the finance sector will assist the corporate meet its “core mission of giving buyers easy and safe entry to the growing crypto ecosystem.” 

“His confirmed means to push ahead considerate, innovation-driven public coverage is far wanted right now, and we’re thrilled to have him as a companion and advisor,” he added.

For his half, Brooks claimed that cryptocurrencies “are altering the economics of practically each business throughout the globe,” enabling folks to have an possession stake within the community they take part. He additionally praised Hashdex for its enlargement within the USA, Latin America, and Europe, saying it has been “on the forefront of giving international buyers regulated entry” to the digital asset market.

His Earlier Crypto Forays

The American lawyer and banker who served as Appearing Comptroller of the Forex throughout Donald Trump’s administration was the Chief Authorized Officer of crypto alternate Coinbase from 2018 to 2020.

Within the early summer season of 2021, he turned the CEO of Binance US. Nevertheless, his time there lasted solely three months since he resigned in August of the identical yr. He didn’t specify the rationale behind the choice, merely citing variations between himself and the strategic course of Binance’s American subsidiary.

He began one other crypto journey in November 2021 when changing into the CEO of the bitcoin mining agency Bitfury Group. Brooks was accountable for sustaining the corporate among the many business leaders in Europe. He stepped down in October final yr to enter Bitfury’s Board of Administrators.