Former Binance U.S CEO Brooks named potential SEC Chairman candidate

Brian Brooks has been named one of the potential candidates for SEC Chairman, according to prediction platform Kalshi. Brooks previously served as CEO of Binance.US and chief legal officer of Coinbase.

Based on the Kalshi prediction market, Brian Brooks’ name has been named as one of the top picks for Gary Gensler’s potential replacement, alongside major crypto advocates such as Robinhood’s Chief Legal Officer Dan Gallagher, “Crypto Mom” ​​Hester Pierce, SEC Commissioner Mark Uyeda came forward. and “Crypto Dad” J Christopher Giancarlo.

Many traders on X responded positively to Brooks’ inclusion on the list, using the hashtag #BrianBrooksforSEC and tagging Donald Trump in their posts.

Brooks addressed the speculation by outlining key initiatives he believes the future SEC chairman should prioritize to develop a more crypto-friendly financial sector. Many of these initiatives have their roots in policies implemented by the previous Trump administration during his tenure at the Office of the Comptroller of the Currency.

“The person Donald Trump appoints to head the SEC will not be starting from scratch. President Trump built the infrastructure for two ATH cycles in his last administration.”

Brooks in a post on X.

The first item that the SEC Chairman believes should be on the agenda is giving national banks the green light to store crypto assets. It states that the SEC must have “qualified custodians for institutional crypto asset management.”

Second, because stablecoins could strengthen America’s status as the global reserve currency, the SEC will need to provide clear guidance for bank deposits backing stablecoins. The next step would be to empower financial firms to serve as validator nodes on blockchains, further legitimizing blockchains and putting blockchains on the same level as ATMs and SWIFT.

He also cited the OCC’s conditional approval of Anchorage Trust Company’s transformation into Anchorage Digital Bank, seeing it as a blueprint for progressive steps in the crypto asset custody space.

“In short, the first Donald Trump administration moved the needle on these issues. The next SEC Chairman does not need to start from scratch,” Brooks concluded.

Brooks, who once served as Senior Deputy Controller and Chief Operating Officer at OCC, is an active figure in the crypto industry and has held executive positions at Coinbase, BitFury Group, and Binance.US.

Brooks’ track record and experience in both the crypto industry and the economic policy sector make him a suitable choice to replace Gensler as SEC Chairman.