Last Friday Binance US lost their CEO after just 3 months. Prior to taking the role with Binance, he served as acting comptroller in the Trump administration.
Brian Brooks gave as the reason for his departure disagreements over strategic direction.
And the 2nd former regulator to leave a top crypto firm in recent days...
Brett Redfearn has resigned as Coinbase's head of capital markets after just four months in the job.
Redfearn, a former Securities and Exchange Commission official, was the SEC's director of the trading and markets division prior to joining Coinbase.
According to sources familiar with the matter, Redfearn's departure was triggered by Coinbase's shift in focus away from digital asset securities.
A spokesperson from Coinbase confirms the story and says the Redfearn left to pursue other goals, but on positive terms.
Not much, in my opinion. Binance US's search for stable leadership has been an ongoing issue... which is clearly still ongoing.
In the case of Coinbase, it seems Redfearn's expertise wasn't as necessary as initially thought.
-------
Author:
New York News Desk
Breaking Crypto News
