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

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 <-bsp-bb-link state="{"bbHref":"bbg://securities/1624796D%20CH%20Equity","_id":"0000017b-1d57-dd7c-a17f-bd7745890000","_type":"0000016b-944a-dc2b-ab6b-d57ba1cc0000"}">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 ...