Will he be as good for crypto?

Summary (IA Generated)

The head of the U.

Office of the Comptroller of the Currency (OCC) Brian P.

In a statement dated January 13, the organization said that Chief Operating Officer Blake Paulson will become Acting Comptroller of the Currency, replacing Brooks who has served for eight months.

Brooks to Step Down, Blake Paulson to Become Acting Comptroller of the Currency on January 14, 2021 https://t.

The outgoing chief Brooks, formerly head of legal at Coinbase, has been a breath of fresh air with his forward looking approach.

His replacement, Paulson, is a career bank examiner and has served as Chief Operating Officer for the agency since June 2020.

Prior to his role at the agency, Paulson was responsible for supervising around 1,100 national banks and federal savings associations so he is in essence a veteran traditional banker.

It is unclear how Paulson will approach crypto assets, but Democratic members of the U.

The OCC supervises nearly 1,200 national banks, federal savings associations, federal branches, and agencies of foreign banks, that between them conduct approximately 70% of all banking business in the U.