Bitfury Onboards Brian P. Brooks because the New Chief Government Officer

The Bitfury Group introduced that it has onboarded Brian P. Brooks as its new Chief Government Officer, efficient 29 October 2021.

In a press launch shared with Finance Magnates, Brian P. Brooks, the previous United States Appearing Comptroller of the Foreign money, has been chosen by the Bitfury Group, a world-leading expertise firm unlocking the total worth chain of Bitcoin and different digital property, as its Chief Government Officer.

Brooks will drive the crypto unicorn because it begins a brand new funding spherical. As well as, it’s rising the expansion of its mining enterprise with a revolutionary new microchip design and new international knowledge heart places. Additional, Bitfury is scaling a portfolio of modern companies that grew out of its heritage as an early Bitcoin chief.

In the meantime, Valery Vavilov, the Founding father of Bitfury, will attain the top place of Chairman of the Board of Administrators and Chief Imaginative and prescient Officer. He’ll persevere specializing in the event of over-the-horizon {hardware} and software program improvements as the corporate builds infrastructure for a tokenized international financial system.

An Overview of Brooks’ Profession

Earlier than Bitfury recruited him, Brooks served Binance.US as its CEO for a brief stint of 4 months this yr.

Earlier on, he served the Workplace of the Comptroller of the Foreign money as Appearing Comptroller of the Foreign money. For about 9 months, he led 3,500 federal company staff with a funds of $1.1 billion. Moreover, he fulfilled the position of First Deputy Comptroller of the Foreign money and Chief Working Officer for less than two months earlier than being promoted.

Previous to the Workplace of the Comptroller of the Foreign money, Brooks turned a member of the Board of Administrators on the Federal Deposit Insurance coverage Company in Could 2020.

Additionally, Fannie Mae benefitted once more from his expertise as he returned as a member of the Board of Administrators for simply over a yr. His duties included being a member of the Danger Coverage & Capital Committee and the Strategic Initiatives & Expertise Committee.

Furthermore, he took on roles at three firms concurrently all ending in March 2020. At Coinbase he was Chief Authorized Officer. Right here, he led authorized, compliance, inside audit, authorities relations, and international investigations teams on the nation’s main digital asset platform. Throughout the identical timeframe, he was the Founding Advisor at Spring Labs, which is a decentralized community for id and credit score. This isn’t forgetting his time at Avant, the place he was a member of the Board of Administrators and Chairman of the Compliance and Info Safety Committee.

In late 2014, he joined the ranks of Fannie Mae because the Government Vice President, Common Counsel and Company Secretary. For nearly 4 years, he led the authorized division and authorities & trade relations staff of roughly 200 professionals for a Fortune 20 public firm with property of roughly $3.2 trillion.

As well as, OneWest Financial institution (now CIT Financial institution, N.A.) employed him as Vice Chairman from Could 2011 to November 2014.

Additional, O’Melveny & Myers LLP appointed him as its Managing Companion of the Washington, D.C. workplace, in addition to Chairman of the Monetary Providers Follow Group for the majority of his profession.

Pioneering Revolutionary Blockchain {Hardware} and Software program Infrastructure

Commenting on the announcement of Brooks appointment, Vavilov acknowledged: “Since our founding, Bitfury has pioneered modern blockchain {hardware} and software program infrastructure, and right now represents a complete platform addressing and enhancing the total digital asset worth chain. With a watch towards the subsequent section in our evolution, we’re thrilled to welcome Brian to the Firm. Brian is a revered govt and thought chief with deep regulatory, digital asset and capital markets experience who shares Bitfury’s imaginative and prescient for a decentralized peer-to-peer financial system. Collectively, we are going to proceed to execute Bitfury’s development technique and assist companies, governments, organizations, and people leverage the blockchain to unravel probably the most urgent challenges of right now and tomorrow.”

“Bitfury is a longtime chief within the digital asset trade, famend for its sustained analysis and improvement efforts and best-in-class proprietary applied sciences. Because the adoption of, and use circumstances for, Bitcoin, different cryptoassets, and their underlying blockchains continues to speed up worldwide, the Firm’s diversified portfolio has immense alternative and is well-positioned for long-term success. I sit up for working alongside Valery and Bitfury’s extremely skilled management staff to develop the Firm’s core companies and scale its portfolio of recent improvements,” Brooks mentioned.


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