During his eight months at the head of the Office of the Comptroller of the Currency, Brooks, a former general counsel at Coinbase, enacted a number of reforms that helped push the cryptocurrency industry farther into the banking industry’s mainstream, most recently authorizing banks to use stablecoins to make payments and for other transactions on behalf of customers.
-
-
In a ‘huge’ win, regulator says banks can make payments with stablecoins
Circle’s Jeremy Allaire said the ruling by the Office of the Comptroller of the Currency ‘helps put the U.S. in a leadership position in embracing the power of public blockchains’
Allaire said Acting Comptroller of the Currency Brian Brooks’ latest move is “a HUGE way to start 2021, the year that crypto and stablecoins go mass market!” He added, "the significance of this can’t be understated.”
-
Markets Report: Another all-time high for Bitcoin as Max Keiser predicts $220K top for 2021
BTC again defies expectations of a drop with a push to $35,600 following positive news from U.S. regulators
After lingering near $30,000 support in the aftermath of Monday’s serial volatility, Bitcoin showed signs of a recovery during trading. These culminated in daily gains of over 10%. At press time, $35,000 still formed a focal price point.
-
As Acting Comptroller of the Currency, former Coinbase exec Brian Brooks has brought a pro-crypto perspective to the Treasury Dept. (Photo: Treasury Dept.)U.S. banks can now custody crypto
From the Office of the Comptroller of the Currency, former Coinbase exec Brian Brooks made clear yesterday that banks can legally take custody of customers’ cryptocurrency holdings
After less than two months in government service, former Coinbase chief legal officer Brian Brooks came through for the cryptocurrency industry in a big way.
