When Binance.US CEO Brian Brooks suddenly quit the company back in June, it didn\u2019t take much to read between the lines. The resignation was announced via Twitter: Brooks tweeted on August 6 that he was resigning as the CEO of Binance.US, adding that \u201cdespite differences over strategic direction, I wish my former colleagues much success.\u201d https:\/\/twitter.com\/BrianBrooksUS\/status\/1423727097323802626 That Brooks was quitting mere months after being appointed was an eye-catcher. This addendum was especially peculiar. For one, it seemed designed to overtly distance himself and his work from the direction Binance.US is headed\u2014Brooks could just have easily not said anything. But most importantly, Brooks had been brought on to leverage his lengthy history in government to help deal with the company\u2019s growing legal crises: from 2020 until 2021, he served as the Acting Comptroller of the U.S. Office of the Comptroller of the Currency (OCC), one of the U.S.\u2019s banking regulators. Before that, he was general counsel for Coinbase.\u00a0 So, such a cryptic statement from the outgoing CEO would have been strange in any business. For it to come from a someone who was expressly (at least publicly) brought in as a regulation-friendly force in a business embroiled in legal turmoil, one is reminded of an ejector seat being launched from a burning aircraft. For example, look at this interview Brooks did with CoinDesk in July, where he described Binance\u2019s growth. Not a month before his resignation, Brooks was enthusiastically teasing coming improvements to the company\u2019s legal assets over the next few weeks, and again reiterated that these sorts of improvements were why Brooks and his regulatory background were enlisted by Binance: \u201cBinance.US is a company that was specifically built to manage regulation. And so, it would make sense that we\u2019d hire me, we\u2019ll hire and over time we\u2019ll hire more people of that background.\u201d Indeed, Binance.US has always been intended as a regulatory heat sink whether Brooks knew it when he took over as CEO or not. Leaked documents from last year show that Binance.US was conceived as a way to distract U.S. regulators with a feigned commitment to compliance while quietly funnelling customers over to the main Binance platform by, among other things, teaching them to evade geo-blocking restrictions. For Brooks to go from bragging about the strengthening of Binance.US\u2019 compliance strategy to citing \u2018strategic differences\u2019 while resigning in the space of a month, the implication was obvious: Binance had no interest in the kind of legitimate interest in compliance that a career regulator like Brooks would bring. And now, according to a new story by New York Magazine\u2019s Intelligencer, that assumption would have been entirely correct. According to the report, Brooks wasted no time in building a strategy for taking Binance.US from a company tainted by the reputation of its parent company and founder Changpeng Zhao (CZ) and moving it towards one which would be able to operate compliantly in the U.S. Part of this proposed strategy involved moving Binance\u2019s technology, which was being licenced to the Binance.US subsidiary\u2014from Asia to the United States: \u201cThe transfer was the final piece of the puzzle that Brooks believed would put Binance\u2019s regulatory problem in the past. But in the early days of August, as Brooks finalized the plans for the transfer, CZ suddenly pulled the plug\u2026 His strategy rejected, Brooks saw no path forward to resolving the company\u2019s regulatory issues, and therefore, could no longer work there.\u201d The story confirms the cynical (but obvious) implications of Brooks\u2019 exit tweet. Brooks thought he was being brought in to make Binance U.S.-complaint; CZ actually only brought him in to make Binance look compliant. Good for Brian Brooks. As we\u2019ve reported in our coverage of Binance\u2019s legal troubles in the past, law enforcement has made it clear they won\u2019t just go after figureheads. For example, under the U.S. Racketeer Influenced and Corrupt Organisations (RICO) Act, law enforcement can and will go after employees who are effecting their boss\u2019 criminal enterprise. Understandably, Brooks wants no part of that. For the top brass at Binance, their brief experience with a compliance-oriented CEO appears to have been enough for them to abandon the position entirely: the company has yet to give any indication that they have or intend to replace Brooks at all. Follow\u00a0CoinGeek\u2019s Crypto Crime Cartel\u00a0series, which delves into the stream of groups\u2014a from\u00a0BitMEX\u00a0to\u00a0Binance,\u00a0Bitcoin.com,\u00a0Blockstream,\u00a0ShapeShift,\u00a0Coinbase,\u00a0Ripple\u00a0and\u00a0 Ethereum\u2014who have co-opted the digital asset revolution and turned the industry into a minefield for na\u00efve (and even experienced) players in the market.