Brian Brooks, the Chief Executive Officer (CEO) of Bitfury, a digital technology startup has joined Voyager Digital Ltd, a major player looking to integrate key aspects of the growing crypto and DeFi world, as a non-executive director. The company made this announcement on Monday, noting that Brooks’ appointment is effective immediately.
Brian Brooks will bring his diverse experiences garnered as the former head of the banking regulator, the Office of the Comptroller of the Currency (OCC), and as a former legal counsel with America’s most valuable digital currency trading platform, Coinbase Global Inc. Brooks will join other directors and leaders at Voyager Digital to advance the growth of cryptocurrencies and the company’s business.
“On behalf of the Board, I welcome Brian to the Board as an independent, non-executive Director,” said Philip Eytan, Chairman of Voyager Digital, “Brian’s extensive background as an executive at major crypto companies and as the leader of important government regulatory initiatives in the crypto space will help propel the growth of digital assets and Voyager’s business.”
Since leaving the OCC, Brooks has been more engrafted into the digital currency ecosystem, and he served briefly as the CEO of the United States subsidiary of Binance, the world’s largest cryptocurrency exchange by trading volume. He may bring his experiences to help Bitfury actualize its dreams to go public in the near future, adding to the broad milestones to his portfolio.
With his role in the space, Brooks’ perspectives appear to have changed more and he was amongst the crypto CEOs that testified before the United States Congress in the past week. His involvement in the crypto space has earned him several awards and is considered as one of Qredo’s top 20 crypto regulatory voices.
Bitfury CEO as Voyager’s Director: a Trend is Forming
The ascension of Brian Brooks as a Director with Voyager Digital is more a less a confirmation of an observable trend that is forming in the crypto ecosystem. Crypto startups are gaining traction for appointing former regulators to join their team in a move to maintain a good relationship with regulators and reposition their firm for a regulated crypto future.
Binance Exchange is particularly fond of this move as the trading platform has come under intense scrutiny from regulators around the world. In a bid to correct its path with regulators, the exchange has gone on the offensive in onboarding ex-regulators to help change its course. Beyond Binance, One River Digital Asset Management firm appointed Jay Clayton, the former Chairman of the Securities and Exchange Commission (SEC) as one of its advisors.
With these few firms setting the pace, it is likely that more cryptocurrency platforms will be joining the path in the near future.