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SEC Complaint Against Binance May Explain Former CEO Brian Brooks' Abrupt Resignation

The SEC's complaint against Binance may explain why former Binance.US CEO Brian Brooks resigned in August 2021, just three months after taking the position. The complaint cites an unnamed source who briefly ran Binance.US in 2021, which overlaps with Brooks' tenure. Brooks reportedly realized he was not actually running the company and decided to leave. Binance's Chief Communications Officer has pushed back on the speculation, but the news has impacted the prices of cryptocurrencies and publicly-traded crypto companies, with Coinbase potentially facing similar action from the SEC.

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