Binance CEO says Trump was “fantastic” for cryptocurrency

Binance CEO Richard Teng says Trump administration was “fantastic” dropped for the cryptocurrency industry.

“This is a completely different environment in which we work,” said Teng CNBC on Tuesday.

In the period of 16 months, the binance moved from the political rogue to a possible power broker in Washington. Once the child poster for regulatory disobedience – binance was struck by a record settlement of $ 4.3 billion with regulators and forced to displace the founder of billionaire Chang “Cz” Zho – Krypto – goes to a sharply friendly political landscape under the President Donald Trump The second administration, said Teng.

“We took advantage of this change,” said TEN, appointed CEO of Binance in November 2023.

Teng comments come as Krypto -exchange is negotiating to make Trump’s family accepted a financial share in the company, according to Report log Wall Street Journal Earlier this month. The same day Bloomberg reported That World Freedom Financial, related to Trump Crypto Bank, which has not yet been launched, is negotiating with Binance to launch a stable dollar.

If such transactions were reached, it would be a staggering reversal for a company that was once a parish in Washington.

Teng, a soft former regulator, was cautious with his words when deciding the reports.

“I believe

As for the rumors of Trump in binance.us, TEN Demur.

“.Us and .com are completely different animals, right?” he said. “They have different sets of shareholders, various boarding councils and various executives holding the show.”

Binance structured two exchanges as independent formations in response to control over regulation, heading for the US from a wide international business to remove its operations in the United States.

However, Ten Bulls that the new political environment means crying.

“We have gone from four years of” Chke Point 2.0 “operation so far, you have a very script, pro-I,” he said. While binance.com does not work in the US, he said, “We have used all these proclaims.”

Chke Point 2.0 – This is how industry insiders refer to alleged repression Hereditary banks in digital assets firms During the Biden administration.

In one year, Teng described the rapid global extension that brought Binance from 170 to 265 million users.

“We have received a lot of approaches from different governments around the world,” said Teng, citing normative progress in Japan, Australia, Hong Kong, Brazil, Argentina and the United Arab Emirates.

Currently, Binance is licensed in 21 jurisdictions, and its influence goes far beyond any country. These include sovereign wealth funds, some of which start to stand out quietly, said Teng.

Against the background of all this optimism is the reality of checking the past binance.

Zhao, the founder and former CEO of the company, was criminal charged, forced to leave and served a short term of imprisonment. Binance paid A multilateral settlement settlement .

One main front remains open: the civil case of the Securities and Exchange Commission against Binance and Zhao.

SEC and Binance in February agreed with 60-day pause In the materials, because both sides consider potential permit. Finding is against a wider SEC turning out of several high-profile cry-models of potential regulatory reset.

“We are insufficient in accordance with these very first days,” Teng said. “But what is important as a responsible institution is to recognize these early mistakes, make changes to it and invest large funds in fulfilling the requirements we are doing now.”

Binance has more than 1300 specialists in accordance with approximately a quarter of their total labor, Ten said. “The travel direction is very clear. This is one of the safety.”

Nigeria’s government may disagree.

One of the main officers for fulfilling binance requirements, Tigran Gambarian, was Recently put in jail in tough conditions. In Nigeria, Binance has been charged with alleged tax -added tax and income tax tax, non -compliance with tax returns and complicity in helping customers avoid taxes through their platform.

Along with Gambarian, who is a US citizen and a former internal revenue officer, Nigeria also put the executive director Nadem Angearvallo, who is British Kenan. Both were charged and supported by Nigeria’s custody. In March 2024, Anjarwalla escaped custody, and Gambarian came out a few months later.

“The treatment he passed in Nigeria is not justified,” said Teng about Angery. “We have always tried to keep in touch and cooperate with governments around the world.”

Since his entry to the CEO, Teng has moved a campaign from a startup under the guidance of the founder to an organization that managed the council.

“I am now informing the Board of Directors,” Ten said. “We have a council of seven members, including three independent directors and an independent chairman.”

Under all vigilant conditions, the Binance Teng person insists that the platform remains dominant.

“At any time, we have more than 40% of the world market,” he said.

He rejected concern about Coinbase’s Increasing the political impact and impetus behind the crystals, claiming that the ETFS is the gateway to the crystand.

“A lot of users who start trading through ETFs are further moving to cryptocurrency platforms,” ​​Ten said, noting that while Crypto trades without stopping, ETFs are limited to working times.

Binance accepted its first institutional investment Previously this month In an agreement with $ 2 billion with a state investment firm Emirati MGX, which is AI and Advanced Tech Fund, which considers BlackRock and Microsoft as partners. This is the biggest investment that, when, is done in the krypto, and the biggest ones will be fully paid in Stablecoins.

Teng said he sees investment as a way to overcome the crystore and the II.

“We use AI on a broad basis,” said TEN, noting that Binance uses artificial intelligence to maintain customer, security and requirements. “This is the Blockchain sector. We need to continue using technology to achieve efficiency. “

Asked what supports him at night, Teng repelled the list: security, conservation, innovation of products and mergers and acquisitions.

“We want to make sure that we will launch a very reliable, prompt, better platform in our class,” he said.