Brian Brooks Resigns As Binance.US CEO After Just Four Months

Binance.us sees its leader jump ship as infrastructure bill’s language could significantly impact crypto in the United States

By
Kyle Heise
on
August 6, 2021
Category:
Blockchain News

A Quick Gig

In a surprising announcement, the CEO of Binance.US, Brian Brooks, tendered his resignation from the US franchise of the world’s largest crypto exchange. 

The news comes as crypto faces a showdown with lawmakers this weekend. Brooks only held the position for four short months. 

Just last week, there was much promise from Brooks and his leadership plans for the exchange. In an exclusive interview with Forbes, the former Acting Comptroller of the Currency under Donald Trump spoke of turning the US exchange into the next CoinBase. This is why his resignation today came by surprise.

“Greetings crypto community. Letting you all know that I have resigned as CEO of ⁦⁦⁦Binance.US. Despite differences over strategic direction, I wish my former colleagues much success. Exciting new things to come!” Brooks tweeted on Aug. 6 at 19:00 UTC. 

The news creates many questions regarding Brooks and what he saw in his short time at Binance. The quick about-face lends much to be discussed considering Brooks appeared to be a promising choice to lead Binance.us forward. 


An Official Response

The Binance account was rather coy in its response. No rationale for the separation was indicated. Even CZ Binance was quick to Tweet limited information about the situation.

Source
“I remain confident in the Binance.US business and its commitment to serving its customers and innovation. As one of the largest cryptocurrency exchanges in the United States, Binance.US is poised to continue to grow and power the future of finance,” read a message Tweeted in reply to Brooks’ post by Binance CEO Changpeng Zhao

Speculation around Brooks circled in the comments under his Tweet. Over 100 likes were given to a reply from Ryan Sean Adams, who invited Brooks on to his Bankless Podcast. It sure would be interesting content to hear Brooks answer some questions candidly.
The timing of the resignation does not look well. The crypto world faces a major showdown with lawmakers in Washington as lawmakers look to cripple crypto with vague language. Brooks showed much promise in his few months in the position, and it remains to be seen what led to his exit. The excitement from his Forbes interview is undoubtedly deflated.

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Kyle Heise

Born and raised in the East Bay of California. He has studied and worked on three continents and lived in eight countries. Kyle resides in San Francisco. He holds bags mostly in Ethererum, Cake, and BSC GameFi projects.

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