US Financial Regulators Join UK FCA’s ‘Global Sandbox’
Four U.S. regulators joined an international alliance of government regulators seeking to bolster the future of fintech.
“My job here is not to protect incumbents,” says acting Comptroller of the Currency (and Coinbase veteran) Brian Brooks of his fintech-forward agenda.
A federal banking regulator is seeking public input on how cryptocurrencies interact with the national banking system and financial institutions.
Brian Brooks left Coinbase to lead the U.S. Office of the Comptroller of the Currency last month.
Brian Brooks, now a US banking regulator, said creating a federal license for crypto startups might make more sense than subjecting them to 50 different state money transmitter approvals.
Coinbase chief legal officer Brian Brooks will be the new COO and first deputy at Office of the Comptroller of the Currency, which oversees banking regulation in the U.S.