President Trump has been busy challenging the results of the 46th Presidential election, proclaiming himself a winner and generally arguing that voter fraud had taken place to an unprecedented extent.
Amid the ruckus between Democrats and Republicans, though, POTUS has been able to find time to appoint Brooks to a full five-year term on Tuesday 17 November.
Brooks is replacing Joseph Otting who stepped up in November 2017 and will now give up his seat to Brooks.
Before Brooks can be sworn in, he will need the approval of the US Senate. The Senate won't convene until 3 January, however. Why does the appointment matter to the crypto community?
Brooks has worked on various important pieces of legislation, including guidance for national banks and how they could hold custody of cryptocurrencies.
A minor criticism towards Brooks has been what the Democrats have described as passiveness in helping to cope with the pandemic.
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