Binance CEO Teng envisions a new dawn for crypto in the Trump administration
The post Binance CEO Teng envisions a new dawn for crypto in the Trump administration appeared on BitcoinEthereumNews.com.
Binance CEO Richard Teng said that the crypto ecosystem might have a fresh reset under the new Trump administration. Teng maintained that the company was waiting for more clarity from the U.S. before making plans in the crypto market. Teng said in an interview with Bloomberg News on the outskirts of the Consensus crypto conference in Hong Kong that Trump’s recent changes in the crypto space made him confident of a fresh restart. The firm’s executive acknowledged that the exchange had made occasional noises about establishing a global headquarters. He disclosed that Binance had a number of different locations under “careful consideration” and that the board wanted to land on one “very soon.” Teng believes the crypto market will have a fresh reset We’re so stoked to have caught @_RichardTeng‘s session this morning at Day 1 of @consensus_hk: More than Bitcoin: Shaping the Future with Binance. 🤩 Got to listen to him speak about #Binance‘s future in the #crypto space and more interestingly on a broader scope, the potential… pic.twitter.com/gNGahawybN — OAX (@OAX_Foundation) February 19, 2025 Richard Teng said that the crypto space was on the brink of a fresh reset and a restart. The chief executive officer of Binance argued that the United States under President Donald Trump had moved on from a crypto regulatory regime marked by “a bit of oppression.” He also mentioned that cryptocurrency executives had frequently complained that U.S. financial watchdogs under previous President Joe Biden engaged in “regulation by enforcement.” Teng also revealed that the enforced regulations resulted in a spate of high-profile lawsuits and hefty fines levied on companies, including Binance. The CEO said that Trump’s series of crypto-friendly moves in the months since the inauguration made him confident of a fresh reset in the crypto space. The exchange had halted its U.S.…
Filed under: News - @ February 19, 2025 10:23 am