Coinbase’s Ex-Lead Lawyer Sold $4.6M in Stock to Head US Banking Watchdog

Coinbase’s Ex-Lead Lawyer Sold $4.6M in Stock to Head US Banking Watchdog

First Deputy Comptroller Brian Brooks speaks at CoinDesk's Consensus: Distributed. (Credit: CoinDesk archives)

‘s former top legal adviser sold over $4 million in stock options when he left to take the helm at the U.S government’s banking supervisor.

Brian Brooks, who was the cryptocurrency exchange’s chief legal officer from late 2018 until last month, sold his stock options to become interim head at the Office of the Comptroller of the Currency (OCC) – a 3,600-person bureau in the U.S. Treasury Department.

Financial disclosures seen by show Brooks sold $4.6 million stock options in , earned on top of a $1.4 million salary, to take up his new role as acting comptroller – a position that earns less than $300,000 a year.

Brooks had joined the OCC back in March as chief operating officer and first deputy controller, but of acting comptroller following the sudden departure of his predecessor, Joseph Otting, halfway through a five-year term, in May.

Brooks was confirmed as acting comptroller on May 29.

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