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Binance.US Chief Brooks Steps Down Just Months Into Tenure (1)

Aug. 6, 2021, 9:20 PM

Binance.US Chief Executive Officer Brian Brooks is stepping down just months into his tenure amid a slew of compliance setbacks and regulatory scrutiny tied to the crypto exchange’s sister company.

Brooks announced his resignation in a Friday tweet, saying he wished his colleagues success despite “differences over strategic direction.” A former Comptroller of the Currency during the Trump administration, Brooks joined Binance.US in May.

The U.S. firm shares a name with Binance Holdings Ltd., the world’s biggest cryptocurrency exchange. Binance Holdings faces a U.S. Justice Department investigation into whether its platform has facilitated money laundering and tax evasion. Numerous ...