Bulletins

Binance.US CEO quit three months after taking post

Brian Brooks cited "differences over strategic direction" at the crypto firm.

Binance phone app

Binance.US CEO Brian Brooks has resigned just months after taking over.

Photo: Jakub Porzycki/NurPhoto via Getty Images

Binance.US CEO Brian Brooks has quit, just three months after taking over the U.S. affiliate of the controversial global crypto marketplace.

Brooks, who assumed the post in May, announced his resignation in a tweet, saying, "Despite differences over strategic direction, I wish my former colleagues much success."

Binance, the world's biggest cryptocurrency exchange, has grappled with heightened regulatory scrutiny worldwide. The company was recently banned from any regulated activity in the U.K. by the Financial Conduct Authority. Regulators have also barred the company from operating in Japan, Canada and Italy.

Before heading Binance.US, Brooks had served as acting comptroller in the Office of the Comptroller of the Currency and a director of the Federal Deposit Insurance Corp.

 Benjamin Pimentel

Benjamin Pimentel ( @benpimentel) covers crypto and fintech from San Francisco. He has reported on many of the biggest tech stories over the past 20 years for the San Francisco Chronicle, Dow Jones MarketWatch and Business Insider, from the dot-com crash, the rise of cloud computing, social networking and AI to the impact of the Great Recession and the COVID crisis on Silicon Valley and beyond. He can be reached at bpimentel@protocol.com or via Google Voice at (925) 307-9342.

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Bulletins