US Representatives Rip OCC, Brooks for ‘Excessive Focus’ on Crypto

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 […]

The OCC's July ruling that allowed banks to provide custody spurred the newfound interest, Brooks said.

In an interview on CNBC’s Squawk Box, former head of the Office of the Comptroller of the Currency, Brian Brooks, spoke about the regulatory hurdles for Bitcoin. Referring to a recent speech given by the chairman of the U.S. Federal Reserve, Brooks stated that people have “migrated to Bitcoin” because of the risk of inflation […]

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.....

Brooks noted that the U.S. money supply will have risen 40% over the last 12 months once the most recent round of stimulus is done.