An online future for finance is inevitable, says OCC’s Brooks

January 13, 2021 Jeannine Cruz

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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Jeannine Cruz

Jeannine Cruz– Earnings I am known as Jeannine Cruz, I am a writer and an industrialist by profession. My age is 32 years. My aim is to gather the attention of the targeted audience without being boring and unexciting. I like to utilize the free time in writing my views and thoughts for my book lovers or readers. My most preferred articles are usually about finance and business; however, I have written various topics in my articles. I do not have a specific genre. I get very creative when I have to express myself, I often sing, write or draw to portray my feelings. When it comes to my free time or you can say ‘ME-TIME’, I love to play with my cat, sleep an extra hour, or play my favorite video games.