Brian Brooks, who left his post as acting head of the Office of the Comptroller of the Currency (OCC) earlier this year, is starting to cobble together what's next.
On Monday, California-based data-sharing startup Spring Labs announced Brooks as the newest member of its board of directors.
"Spring Labs is transforming financial data exchange in a way that is better for consumers," Brooks said in a press release. "I launched my financial inclusion initiative Project REACH while at the OCC, and I look forward to working with the Spring Labs team to bring the benefits of financial services to more Americans, while reducing cost and increasing security for everyone."
Late last year, Spring Labs announced its fraud-prevention work with lenders in the clean-energy financing space. In Monday's press release it touted partnerships with over 50 financial institutions, including GM Financial, SoFi and Avant.
"We are thrilled that [Brooks] shares our vision as we build the secure rails for data exchange," Spring Labs co-founder Adam Jiwan said in a statement.
Under Brooks, the OCC published a number of interpretative letters on how national banks can interact with the cryptocurrency space, with particular attention paid to stablecoins and their issuers.
Prior to joining the public sector, Brooks served as the chief legal officer of Coinbase.
The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.
Learn more about Consensus 2023, CoinDesk’s longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.