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Crypto Binance CEO said he expects US President Trump’s legislation “Proport” in the US pushes regulators in other parts of the world to follow the example.
“We have moved from a period where there is a great normative uncertainty, and in many sense, some normative hostility to this industry, to the one where the largest economy of the world said,” We want to accept the crystand, “said Binance CEO Richard Ten Arjun Harpal on Consverge on Singapore on Thursday.
According to former US President Joe Biden’s administration, the regulators hacked Galina, trying to protect Americans from fraud and money laundering.
“(If) you ask someone in the crypto -industry, people prefer the current administration compared to the latter,” Ten said.
Chao Dan, CEO Crypto Fund Hashkey Capital, who spoke with Tenga at the CONVERGE event, shared this opinion, saying that Trump’s “impetus was being built, institutional (and) retailers (Cryptus assets) is huge.”
Crypto Reserve
Comments appeared after Trump pressed forward Executive order Create a Cryptocurrency strategic reserve for the United States, using digital assets confiscated in criminal and civil cases.
In a report of the social truth Trump said in addition to bitcoin, a strategic reserve would include air. XRPSolana Salt Token and Cardan Ada The coin.
The Binance CEO described the US -reserves as a “landmark” question. “Message exchange is the largest government … The biggest capital market in the world is what now contains bitcoin within the reserve, (what) will make many other governments think about whether we should start distributing to cry and bitcoin?”
Prices for bitcoin fell Since Trump’s announcement of the strategic crypto, the details of the plan did not meet the expectations. Investor enthusiasm for assets perceived by the risky also mitated more widely due to the concerns about the influence of Trump tariffs.
Teng has reduced the recent kink -market rollback as a “tactical retreat”, because – like any other asset class – it is not “immunity” to macroeconomic situations. However, in Washington “digital assets” and the nomination of Trump by several legislators who have crypto-lawyers will provide “strong” long-term drivers, he said.
With his victory in November Trump focused on The appointment of government leaders supporting the cryptocurrency sector. Venture Capitalist David Saxi was flash Trump to become an artificial intelligence of the White House and Krypto -Hehra.
End “Operating Point 2.0” 2.0 “
According to the Tang, during the last administration you had an “Operation” Chke Point 2.0 – allegedly the efforts of the regulators during the presidency of Biden to pressure banks before breaking the links with the cry. CNBC could not check these claims.
Teng also stated that the industry faced “regulating by compulsory execution”, which made it extremely rigid for growth.
Deng Capital Deng has agreed that the return of banking services for cryptance -companies in the US is one of the major changes that have occurred.
“They call, and they allow banks to participate in the cry. This is a very huge step for the crystore and Web3,” he said, adding that the banks will feel more comfortable working with crypto clients.
