The new head of the US Monetary Authority and former Coinbase lawyer has called on banks to work with crypto companies.

After being asked how crypto firms and banks can work together, new CFO Brian Brooks spoke about the important role partnerships play in the crypto industry. Understanding the role of banks as regulators and the role of coin holders was a key focus during his tenure, Brooks said.

In a June 4 report, the Office of the Superintendent of Finance (OCC) tries to assess how banks and cryptocurrency companies are being affected.

Cryptocurrency versus banks

Early warning of a decision can force banks and business leaders to answer a few questions., Special:

What is the work related to cryptocurrencies or crypto assets made by financial institutions or bank users, and what influences the greater acceptance of crypto asset related activities in the banking industry?

Actor Brian Brooks said in an interview with Cointelegraph:Today's announcement aims to bridge the gap between finance and cryptocurrency.. He hopes the agency will learn:

Cryptocurrency systems require assistance from a bank, you need a way to do business from bank to bank, etc. Therefore, we clarify.We really want to make a difference in this regard, so please provide information on the demand for cryptocurrencies for banks and banks for cryptocurrencies..

Brooks First Week Review

OCC is the United States Department of the Treasury's premier financial services company.The recent announcement is part of a series of activities since the Brooks took office earlier this week.

In March, Brooks left Coinbase to join the OCC, where he served as the Managing Director (CIO). Looking ahead, he told the Cointelegraph:Understanding the role of banks as regulators and the role of securities is a key objective when it comes to occupying a position.:

In my opinion, the OCC will soon agree on how to view Bank Negara as a qualified regulator for cryptocurrencies.We have no idea and we don't want to judge this first, but we have to gain a foothold first. It will be a pleasure for my past life. Another problem is,How do we view stable coins? Does fixed income equal benefits or the cash equivalent? Can the bank keep it very well? Or can I keep it outside the bank? Is it under the control of a bank?

Regulators in the United States and abroad have rallied against cryptocurrencies.Many believe the OCC's hiring of Streams indicates the government wants to know more about improving its cryptocurrency resources. In March, just weeks before the recruitment drive, the Ministry of Finance held a meeting with leaders in the cryptocurrency industry to find out more.