When imposing regulations, the U.S. government can all too often hinder growth, so it’s no surprise that many crypto advocates have been wary of Uncle Sam’s intentions for their space. However, if the latest words from Brian Brooks, the Acting Comptroller of the Currency, are any indication of how the government will oversee crypto, the outlook is very promising.
As more institutional investors pile into the crypto sector, it’s becoming increasingly important for regulators to have expertise in the industry. To this end, the Office of the Comptroller of the Currency just announced that Coinbase’s former Chief Legal Officer is taking a senior role with the agency. See what big waves he may bring to the crypto sector while overseeing the U.S. banking system.