President Trump appoints Brian Brooks Comptroller of Currency

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Updated September 21, 2022 | Published November 18, 2020

2 mins read

President Trump has been busy challenging the results of the 46^th 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?

It should, because Brooks is an ex-Chief Legal Officer for Coinbase and as such he may be a proponent of cryptocurrency and blockchain adoption in the US at a level unseen prior to his appointment.

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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Alex

Alex is a well-rounded crypto writer who focuses on general market and legal developments. His main interest lies in how crypto gaming can become a more permanent part of the gaming landscape and how blockchain holds benefits to players they are not even aware of.

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President Trump appoints Brian Brooks Comptroller of Currency

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