Brian Brooks appointed as CEO of Bitcoin mining company Bitfury
Bitfury Group, the Bitcoin mining and crypto tech pioneer, has appointed Brian Brooks (pictured), former United States Acting Comptroller of the Currency, as chief executive officer, effective October 29, 2021. Brooks will lead the company as it launches a new funding round, increases the growth of its mining business with a revolutionary new microchip design and new global data center locations, and scales a portfolio of innovative businesses that grew out of its heritage as an early Bitcoin company.
Brooks succeeds Bitfury founder and ceo, Valery Vavilov, who will become chairman of the board of directors and chief vision officer, where he will continue his focus on developing over-the-horizon hardware and software innovations for Bitfury as it builds the infrastructure for a tokenized global economy.
Brooks served as chief executive officer of digital asset exchange and marketplace Binance.US. He also served as the acting comptroller of the currency at the Office of the Comptroller of Currency. Brooks was a member of the board of directors of the Federal Deposit Insurance Corporation and a voting member of the Financial Stability Oversight Council. He led the government’s efforts to provide regulatory clarity for stablecoins, digital asset custody, and the development of blockchain payment networks, and granted the first federal bank charter to a cryptocurrency company. He also launched Project Reach, a national partnership of civil rights organizations, tech companies, and banks to promote financial inclusion through greater access to credit and capital.
From 2018 to 2020, Brooks served as chief legal officer for Coinbase Global. From 2014 to 2018, he served as executive vice president, general counsel, and corporate secretary of Fannie Mae, a USD 3.2 trillion asset public company invests in single-family and multifamily mortgage assets, and from 2011 to 2014, as vice chairman of OneWest Bank (now CIT Bank). Before joining OneWest Bank, he practiced law as managing partner of O’Melveny & Myers for 17 years.