Binance CEO resigns in US due to strategic differences
Brian Brooks, CEO of Binance Exchange in the United States, has resigned. He tweeted yesterday that his decision was due to strategic differences with other members of the team, adding that he had only been in office for four months.
Prior to his appointment as the executive arm of Binance Exchange in the United States, Brooks headed the Office of Currency Control (OCC) during Donald Trump’s presidency, which regulates the executive laws of national banks.
Hiring Brooks has been part of Binance’s strategy to use well-known regulators in managerial positions, thereby improving its global standing.
His sudden resignation from the post, as well as the resignation of the CEO of this exchange in Brazil after only six months of operation, raises ambiguities about the legal activity of this large exchange.
Binance has recently been the target of widespread criticism and restrictions by regulators around the world, as we have read, the market for Binance derivatives and futures contracts in Europe and Hong Kong is limited.