A Former Coinbase Lawyer Is About to Become Acting Head of US Bank Regulator
Brian Brooks, a former Coinbase lawyer and the No. 2 at a U.S. banking regulator, may soon take the top job – at least, temporarily.
Brooks said the U.S. money supply will have risen 40% over the last 12 months once the most recent round of stimulus is done.
The conditional approval from the U.S. banking regulator follows Anchorage's approval last month.
The investment was led by 10T Holdings and Morgan Creek Capital Management and included contributions from new and existing investors.
Acting Comptroller of the Currency Brian Brooks will be stepping down on Jan. 14, he confirmed Wednesday.
The crypto industry has its first federally chartered bank: Anchorage.