The new top banking regulator for the Trump administration sees “huge and great promise” in cryptocurrency. Focusing on decentralized networks, bitcoin, and rewriting existing regulations, he shares his views on cryptocurrency and the creation of the digital dollar.
Top US Banking Regulator Is Pro-Crypto
Brian Brooks recently became the new acting Comptroller of the Currency, the top banking regulator for the Trump administration. The 51-year-old has experience in crypto, having previously served as general counsel to bitcoin exchange Coinbase. Discussing his views on cryptocurrency, regulation, and technology, Brooks told Forbes:
There is huge and great promise in blockchain and crypto.
He elaborated: “Blockchain has potential to connect up, in a decentralized network, all kinds of data … It has the ability to create large, friction-free, decentralized networks of people.” Brooks believes that “blockchain is the solution to our problems,” Forbes conveyed. “I’m very bullish on technology … Things like AI, things like blockchain…