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. Aldişa child for regulatory obedience – Binance, regulated by regulators Donald Trumps The second management said Teng.

“We are benefited from this turn.”

Teng’s comments came cryptist Trump family has a negotiation in the company to receive a financial share 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.”

How does Choke Point 2.0 refer to an alleged raid of insiders in industry Inherited banks in digital active firms During Biden’s leadership.

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 gave money Multibilllion-dollar settlement – In the late 2023 – the United States regulators, including the Department of Justice and the Commodity Futures Trade Commission, a raft of violations.

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. Staying comes in a broader retreat from several high-profile cryptist cryptists under a new administration.

“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 was Tigran Gamaryan Recently arrested under 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 put the first institutional investment this month ago Emirati State Investment Company, which is considered as Blackrock and Microsoft’s partners, with a $ 2 billion contract with MGX. 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.