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Brian Brooks, former US Comptroller of the Currency, has joined Hashdex’s Board of Directors. In this role, he will serve as a strategic adviser to the crypto asset manager, providing counsel on regulatory matters.
Brooks has extensive experience in the digital asset sector, having served as Chief Executive Officer of Binance US in 2021. He later acted as CEO of the crypto mining company Bitfury Group before stepping down in October 2022.
Brooks’ Next Crypto Challenge
Hashdex, a global crypto-focused asset manager, announced that Brooks is its fifth Board of Directors member. His duties will include guiding the company’s strategy and advising on regulations to facilitate institutional investors’ access to the digital asset ecosystem.
Brooks will also focus on enhancing the firm’s efforts to bridge the gap between traditional finance and the cryptocurrency industry by securing key partnerships with monetary organizations and lawmakers globally.
Hashdex CEO Marcelo Sampaio stated that Brooks’ “extensive experience” in the finance sector will help the company achieve its “core mission of giving investors simple and secure access to the developing crypto ecosystem.”
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“His proven ability to push forward thoughtful, innovation-driven public policy is much needed at this time, and we are thrilled to have him as a partner and advisor,” Sampaio added.
For his part, Brooks noted that cryptocurrencies “are changing the economics of nearly every industry across the globe,” enabling participants to hold an ownership stake in the networks they use. He praised Hashdex for its expansion in the USA, Latin America, and Europe, highlighting its role “at the forefront of giving global investors regulated access” to the digital asset market.
Brian Brooks, Source: CNBC
His Previous Crypto Forays
The American lawyer and banker, who served as Acting Comptroller of the Currency during Donald Trump’s administration, was the Chief Legal Officer of crypto exchange Coinbase from 2018 to 2020.
In early summer 2021, Brooks became CEO of Binance US. His tenure lasted only three months, as he resigned in August of that year. He did not specify the reason for his departure, citing differences regarding the strategic direction of Binance’s American subsidiary.
He began another crypto venture in November 2021 as CEO of Bitcoin mining firm Bitfury Group. Brooks was responsible for maintaining the company’s position among industry leaders in Europe. He stepped down in October of the previous year to join Bitfury’s Board of Directors.
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