The Ex-Binance US CEO Brian Brooks and former Comptroller of the Currency is now the CEO of another crypto company, BitFury so let’s find out more in today’s Cryptocurrency latest news.
Bitcoin mining and crypto company BitFury announced that the Ex-Binance US CEO Brian Brooks, has been appointed as the new CEO:
“BitFury is an established leader in the digital asset industry, renowned for its sustained research and development efforts and best-in-class proprietary technologies. As the adoption of—and use cases for—Bitcoin, other crypto assets, and their underlying blockchains continue to accelerate worldwide, the company’s diversified portfolio has the immense opportunity and is well-positioned for long-term success.”
Brooks will lead the company after the launch of the new funding round and the increase in the mining business. His enthusiasm for the appointment was shared by the founder of Bitfury, Valery Vavilov:
“With an eye toward the next phase in our evolution, we are thrilled to welcome Brian to the company. Brian is a respected executive and thought leader with deep regulatory, digital asset and capital markets expertise who shares BitFury’s vision for a decentralized peer-to-peer economy.”
Before this appointment, Brooks was tested on his deep regulatory expertise during his short time at Binance. Going from Binance to BitFury, the crypto users will say this is a huge step down in terms of the company’s size and name. However, Brooks pivoted from being the Comptroller of the currency to the crypto industry roles as Binance CEO. After three months of the role, he resigned amid the alleged battle over independence from the binance CEO Changpeng Zhao. Given his prominence in the crypto space, this brief stunt and resignation raised some concerns but then reports emerged that he was ousted by Zhao over conflicts relating to how to navigate the company’s controversies around regulation. Still, he enjoyed a positive image in the crypto industry thanks to his time acting as a Coinbase lawyer and the policies he imposed while running for the Office of the Comptroller of the currency.
As reported recently, Things are getting clearer now as the investigations suggest he was ousted by the founder Changpeng Zhao amid conflict over how to navigate the regulatory controversies and the US subisidary ties to the parent company. He joined Binance in May this year with the expectations that his experience will help bring more legitimacy to the company’s US operations as it sought to expand the company’s influence in the country.
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