New OCC Chief Cashed $4.6 Million in Coinbase Stock for U.S. Job

Banking Law News

June 9, 2020, 8:58 PM

The new chief regulator of U.S. national banks liquidated $4.6 million in Coinbase Inc. stock options when he left the cryptocurrency exchange earlier this year to join the government, according to financial disclosures he was required to file.

Brian Brooks, who became interim head of the Office of the Comptroller of the Currency last month, has said he intends to leverage the experience he gained at San Francisco-based Coinbase and other tech firms to push a financial technology agenda at the 157-year-old agency, including opening up banking charters for tech firms.

Brian Brooks

Source: Office of the Comptroller of the Currency

“I think we can charter a number…

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