Chief Executive Director Binance, Richard Teng says Trump administration was a “fantastic” reset for the cryptovalut industry.
“We work in a completely different ambience,” Teng told CNBC on Tuesday.
In a period of 16 months, Binance has become a possible powerful player in Washington from the political aposte. Once a symbol of defiance, regulations – Binance is punished by a record settlement of $ 4.3 billion and forced to remove the Billionaire, the Founder – the Krypto Stocking is now moving through a significantly friendly political landscape under the second administration of the President Donald Trump, Teng said.
“We used to benefit from this change,” Teng pointed out, which was appointed Chief Executive Director of Binance in November 2023. years.
Teng’s comments come while the Crypto Stock Exchange is in the negotiations for the Trump family to take over the company’s financial share, according to the Wall Street Journal previously this month, banker reports. On the same day, Bloomberg reported that the World Liberty Financial, the Krypto Bank associated with a tramp that has not yet started, negotiates with Binance on the launch of Stabilkoin related to the dollar.
If such arrangements were realized, it would mark a stunning turnaround for the company that used to be isolated in Washington.
Teng, silent former regulator, was careful with the words when he spoke about these reports.
“I believe that both the World Liberty Financial, as I CZ himself, tweeted and denied reports,” Teng said, leading the stock exchange operations outside the USA.
Regarding the rumor about the Trump Share in Binance.us, Teng rejected speculation.
“.Us and .com are completely different categories, aren’t they?” He said. “They have different groups of shareholders, different administrative boards and various executive directories that lead the job.”
Binance structured two exchanges as independent entities in response to the supervision of the regulator, with the aim of separating their operations in the United States from broader international business.
Still, Teng is optimistic about what the new political environment means for crypto.
“We crossed four years of surgery Choke Point 2.0 at now – you have a president who is very pro-crypto, PRO-AI,” he said. Although Binance.com does not operate in the US, he added, “We benefited from all these pro-crypto policies.”
CHOKE POINT 2.0 The way in which insiders in the industry describe the alleged repression of traditional banks over digital property companies during Baden Administration.
Teng described the rapid global expansion that brought Binance from 170 million to 265 million users in just a year.
“We had a lot of access from different governments around the world,” Teng said, citing regulatory progress in Japan, Australia, Hong Kong, Brazil, Argentina and the United Arab Emirates.
Binance is now licensed in 21 jurisdiction, and its influence far outweigh the boundaries of any country. This includes state funds, some of which are slowly investing in Krypto, Teng added.
