Block Chain

Voyager Digital Taps Former OCC Boss Brian Brooks as Director

Voyager Digital, one of many publicly traded cryptocurrency platforms within the United States, has tapped the providers of Brian Brooks, the present Chief Executive Officer of Bitfury, as one among its non-Executive Directors.

The appointment was announced on Monday, and per the corporate, Brooks’ works begin instantly.

“On behalf of the Board, I welcome Brian to the Board as an independent, non-executive Director.” mentioned Philip Eytan, Chairman of Voyager Digital, “Brian’s extensive background as an executive at major crypto companies and as the leader of important government regulatory initiatives in the crypto space will help propel the growth of digital assets and Voyager’s business.”

Brooks’ appointment was knowledgeable by the wealth of expertise he has gathered in his skilled profession whereas serving as the Comptroller of the Currency below former President Donald Trump’s administration. Following his departure from the OCC, Brooks has taken on roles within the digital foreign money ecosystem, and this, to an extent, has broadened his perspective the extra within the area.

Brooks is understood for his proactiveness in serving to to advance the expansion of the nascent digital foreign money ecosystem. Under his reign on the OCC, the regulator permitted Federally Chartered Banks to maintain custody of stablecoins, one of many first and essential gestures of openness to the crypto ecosystem from a Federal Agency.

The recognition of Brooks as a crypto advocate is duly acknowledged throughout the complete digital foreign money ecosystem as he represented Bitfury within the U.S. House Committee on Financial Services to debate cryptocurrencies. The ascension of Brian Brooks mimics that of Jay Clayton, the previous Chairman of Security and Exchange Commission. He was appointed earlier within the 12 months as an Advisor with One River Digital Asset Management firm.

With the appointment of Brooks and Clayton making headlines, it’s changing into evident that digital foreign money platforms are prioritizing the combination of former regulators in preparation for the way forward for the ecosystem.

Image supply: Shutterstock

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