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Binance, one of the world’s biggest bitcoin exchanges, has reportedly hired former Acting Comptroller of the Currency Brian Brooks as the chief executive of its U.S. affiliate Binance.US. Brooks is set to assume the new role beginning May 1.

From May 2020 to January 2021, Brooks served in the Donald Trump administration as the lead of the Office of the Comptroller of the Currency (OCC), a branch of the U.S. Department of the Treasury that is charged with supervising and regulating national banks and federal savings groups. In that time, Brooks saw the organization provide relatively friendly regulatory clarification around cryptocurrencies.

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