Bloomberg Law
March 16, 2020, 3:40 PMUpdated: March 16, 2020, 4:02 PM

Bank Regulator Taps Coinbase Executive for No. 2 Spot (1)

Lydia Beyoud
Lydia Beyoud
Fintech & Regtech Reporter

The Office of the Comptroller of the Currency has appointed Brian Brooks, chief legal officer at cryptocurrency exchange Coinbase, as first deputy comptroller, the agency’s second highest position.

Brooks will also serve as the OCC’s chief operating officer effective April 1, the agency said Monday in a statement. The role oversees bank supervision and supervisory policy, economics, compliance, and the agency’s innovation unit.

The first deputy comptroller position, designated by the Treasury secretary, can take on the comptroller’s role in the event the comptroller is unavailable or unable to perform the duties of the role.

Brooks will be taking ...

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