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

[Nostoman]

Coinbase’s former top legal advisor 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 Bloomberg show Brooks sold $4.6 million stock options in Coinbase, 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.
Source: https://www.coindesk.com/coinbase-lawyer-sold-4-6m-stock-lead-us-banking-watchdog