An online future for finance is inevitable, says OCC’s Brooks
The leaving leader of the Office of the Comptroller of the Currency is encouraged that the future of finance is blockchain-native, per a discussion with crypto analytics firm Elliptic on Wednesday.Described by Elliptic CEO Simone Maina as “a fairy godfather to the crypto market,” Brooks has actually been a leading light in U.S. federal policy towards crypto considering that taking over for Comptroller Joseph Otting in May. Namely, Brooks took the opportunity to promote his vision of an OCC that examined algorithms rather than lenders for responsible behavior: “Imagine a world where were giving charters to softwares as opposed to individuals.” However, Brooks validated what has long been presumed: His time at the OCC will end with the incoming Biden administration.
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