Binance CEO says Trump was ‘fantastic’ for cryptocurrency

Binance CEO Richard Teng said the Trump management was “fantastic” reset for the cryptocurrency industry.

“This is an extremely different environment in which we operate,” Teng told CNBC on Tuesday.

During 16 months, Binance went from a political abroad in Washington. Aptimate child for the regulator – Binance, the regulators were hit with a $ 4.3 billion calculation, and the founder of the billionaire, CZ Zhao – President Donald Trump’s second leadership was navigated in a serious political landscape.

“We are benefited from this turn.”

Teng’s comments, Crypto exchange, Trump family comes as in the negotiations for the company to receive a financial share in the company A report by Wall Street Journal This month ago. That day, Bloomberg reported The world’s freedom finance is still negotiating a crypto bank, which has not yet begun, negotiates a dollar to start the guard Stablecoin.

If such transactions are obtained, once in Washington, a company would notice a reverse company.

Teng, who is a soft-speaking old regulator, was careful with the words when applying to the reports.

“I believe that the world has tweeted and rejected itself, both financial finance and CZ,” he said.

As for rumors on a Trump share in Binance.us, Teng.

“.When and .com are pretty animals, aren’t it?” Said. “They have different shareholders, different CEOs working with different board and show.”

Binance, as two exchange, was established as an independent body in response to the regulation study in order to fence US activities from the extensive US business.

Again, Teng said that the new political environment means to crypto.

“We went from the four-year processing point to 28 – so far, you have more than 2 companies, AI president.” Although we do not work on Binance.com in the United States, “We have benefited from all this Pro-Crypto policy.”

Choke Point 2.0, Industry Indiers, how to refer to a raid allegedly alleged by the inheritance banks in digital asset companies during the Biden administration.

Teng has expanded a rapid global that brings the building to 265 million from 170 million to 265 million in a year.

“We have received a large number of approaches from various governments around the world,” said Teng, Japan, Hong Kong, Brazil, Argentina and the United Arab Emirates asked the regulatory progress.

Binance is now licensed in 21 jurisdictions and its effect is inaccessible in any country. Includes Teng, some sovereign wealth funds, some have gently allocated cryptist.

Against the background of all this is the reality of the checkers of the building.

The founder of the company and former General Director Zhao, was charged for the crime, was forced and sentenced to a short imprisonment. Binance, Multibilllion-dollar settlement, ended in late 2023 – to resolve a puppy of violations with US regulators, including the Department of Justice and Commodity Futures Commission.

A large front remains open: Civil case against Securities and Exchange Commission against Binance and Zhao.

In February, SEC and Binance agreed 60-day break Both sides consider a potential resolution in the processes. The regulation of several high-profile cryptist, which signals the potential regulatory reset in a new management, comes in a wider retreat.

“We have invested in accordance with the early days,” he said. “But those important as a responsible institution are to admit these early mistakes, to admit these early mistakes and make a lot of investments in the same way we do now.”

Teng, in a quarter of a total of a quarter of the workforce, this was working for more than 1,300 specialists, he said, and four-quarters of the total workforce. “The direction of travel is very clear. One of the conformity.”

The Nigerian government may agree.

One of the best fit staff of the building, Tigran Gambarian, recently arrested in harsh conditions. Nigeria faced accusations allegedly not paying bilateral value taxes and the company’s income tax, and faced the failure to submit tax returns and complaints to avoid taxes through customers’ platform.

Nadeem Anjarwalla, Nigeria, English-Kenyan, who is a former employee of a US citizen and domestic income service, has a prison. Both were arrested and arrested by the Nigerian government. Anjarvalla fled the guardianship in March 2024 and was released in a few months after Gamaryan.

“Treatment in Nigeria is not guaranteed,” he said. About Anjarvalla. “We have always tried to associate and cooperate with governments of the world.”

After the start of CEO, Teng transferred to the Board of Directors from the start of the founding management.

“Now I report to the Board,” he said. “We have a board of seven members, including three independent director and an independent chairman.”

The whole check remains the dominant of the Teng platform for the binance faces.

“There are more than 40% of the global market share,” he said.

Rejected concerns Coinbase’s Cryptoval of the ETFs claim that the trade gate is a gateway, cryptovalia increases trade and rapidly growing acceleration.

“Many users, who are starting to trade through ETFs, later progress to Cryptocurrency platforms,” ​​he said.

Binance, the first institutional investment in the early this month, BLACKROCK and Microsoft Sayan AI and Advanced Technological Foundation with the EMirati State Investment Company has signed a $ 2 billion contract. This is the biggest investment in the Crypto company and the biggest in Stablecoins.

Teng said the investment saw Crypto and the EU as a way for the bridge.

“We are widely used by AI,” Teng said that the building uses artificial intelligence for customer service, security and compliance monitoring. “This is the blockchain sector. We must continue to use technology to achieve efficiency. “

He asked what the hindering in the night, Teng came out of a list: security, compliance, product updates and opportunities for combinations and purchases.

“We want to make sure that it is very strong, operating, the best class platform,” he said.