Brian P. Brooks

Brian P. Brooks is an American lawyer, banker, entrepreneur, technologist, and former government official. He served as Acting Comptroller of the Currency from May 29, 2020, succeeding the 31st Comptroller of the Currency Joseph Otting, until January 14, 2021. Brooks was nominated twice by President Donald Trump for a five-year term as Comptroller of the Currency, once during the 116th Congress, and once in the 117th Congress.

Some of the key events about Brian P. Brooks

1994
Graduated from Harvard Law School
2011
Joined OneWest Bank as Vice Chairman
2014
Became Executive Vice President, General Counsel, and Corporate Secretary at Fannie Mae
2018
Appointed Chief Legal Officer of Coinbase
2018
Joined Coinbase as Chief Legal Officer, a cryptocurrency exchange that has faced regulatory scrutiny
2020
Became Acting Comptroller of the Currency
2020
Issued guidance allowing national banks to provide cryptocurrency custody services
2020
Appointed as Acting Comptroller of the Currency by President Trump, raising concerns about potential conflicts of interest
2020
Pushed for controversial "fair access" banking rule that critics argued could force banks to lend to risky industries
2021
Proposed a rule to ensure fair access to banking services
2021
Joined blockchain infrastructure platform Binance.US as Chief Executive Officer
2021
Testified before the U.S. Senate Committee on Banking, Housing, and Urban Affairs on cryptocurrency regulation
2021
Resigned as Acting Comptroller of the Currency after only 8 months in office, leaving key initiatives unfinished
2021
Became CEO of Binance.US, another cryptocurrency exchange under regulatory investigation
2021
Abruptly resigned as CEO of Binance.US after only 4 months, citing "differences over strategic direction"
2022
Appointed to the board of directors of Spring Labs, a blockchain-based data network
2022
Faced criticism for his role in promoting cryptocurrency adoption while in government positions

Disclaimer: This material is written based on information taken from open sources, including Wikipedia, news media, podcasts, and other public sources.

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