Former Coinbase Lawyer Gets Fresh Appointment as US Bank Regulator

Brian P. Brooks who was among the top officials at Coinbase has gained another appointment almost two months after leaving the company. His new office will be in the banking sector of the the US Treasury Department.

This report is verifiable at the United States Office and Brian P. Brooks is expected to begin his appointment as the head of the Office of the Comptroller of the Currency (OCC) on May 29.

Not new in the job
Brooks is very likely to handle the position well having worked with Joseph Otting for a while. Joseph Otting is currently the head and will be leaving the office for Brooks to take over. Brooks has been working with him as his deputy since March while Otting has been occupying the position since 2017.

Apart from the OCC, Brooks and Otting have worked together at OneWest Bank, California

What is the OCC?
The Office of the Comptroller of the Currency (OCC) is one that governs the activities of banking and lending institutions in the US. It is part of the US Treasury Department. OCC has the mission statement:

“To ensure that national banks and federal savings associations operate in a safe and sound manner, provide fair access to financial services, treat customers fairly, and comply with applicable laws and regulations.”

It is from this office that regulations on distributing loans and aids by the federal government are formed.

Brooks’s crypto experience
Brooks has a rich work experience even in the crypto world. There are hopes that his experience in working for Coinbase will help him make solid achievements in his new office.

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