OCC’s Brian Brooks Says China Owns Bitcoin but Crypto World Disagrees: Chines...
Bitcoiners on social media have panned remarks by acting U.S. currency comptroller Brian Brooks that bitcoin is owned by China due to the country’s disproportionate share of the crypto’s mining power. The bitcoiners argue that the disproportionate number of miners stationed in China only means the corresponding block rewards will reflect this imbalance. They add that no country owns bitcoin. Controlling Internet 2.0 According to Brooks, who has been tapped as the substantive director of the Office of the Comptroller of Currency (OCC), bitcoin miners in China possess more than....
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The acting director of the U.S. Office Comptroller of Currency (OCC) Brian Brooks says the creation of the U.S. digital dollar is a terrible one because the government is not good at building things. Instead, Brooks believes tech companies, which already possess the know-how, to be in a better position to issue stable digital currencies. He says the U.S. government needs to focus on doing what it does best-regulation. Growing Stablecoin Supply The acting comptroller of currency’s comments come as reports suggest the US is currently working on a digital dollar. However, the U.S.....
Brian Brooks finalized the controversial Fair Access to Banking rule in what could be his last act in office.
The OCC's July ruling that allowed banks to provide custody spurred the newfound interest, Brooks said.
Brian Brooks, CEO resigned as CEO of Binance.US this Friday. This may be due to recent crackdowns posed by many superpowers, the U.S. included. Crackdowns such as these continue to pose many problems for Binance.US. Differing opinions on how to address crypto-crackdowns have led to confusion and very possibly Brooks’ resignation. In his most recent […]
Acting Comptroller of the Currency Brian Brooks will be stepping down on Jan. 14, he confirmed Wednesday.