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Before joining the U.S. arm of the Binance global crypto exchange, Brooks helmed the Office of the Comptroller of the Currency (OCC), the regulator for national banks, under U.S. President Donald Trump.
Brooks’ hiring appeared to have been part of a strategy by Binance.US and its parent to improve their standings by hiring well-regarded former regulators from around the world. Now, Brooks’ abrupt departure, along with last month’s similarly unexpected departure of the director of Binance Brazil after only six months, is bound to raise questions as regulatory scrutiny of the world’s largest crypto exchange by trading volume and its various subsidiaries has only intensified. In recent months, multiple countries including the U.K. and Japan have taken action against Binance.
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