• Brian Brooks OCC crypto custody
    Regulation

    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.

  • Coinbase Brian Armstrong Brian Brooks
    People,  Regulation,  United States

    Coinbase loses chief legal officer to U.S. Treasury

    Brian Brooks is leaving the cryptocurrency exchange to become COO of the Office of the Comptroller of the Currency, which regulates and oversees banks in the U.S.

    Coinbase Chief Legal Officer Brian Brooks has been appointed chief operating officer of the Office of the Comptroller of the Currency, the Treasury Department announced on March 16. Brooks will also serve as first deputy comptroller of the OCC, which charters, regulates, and supervises banks and savings associations in the United States.