Binance CEO: Trump Era a Golden Opportunity for Global Crypto Industry

Binance CEO: Trump Era a Golden Opportunity for Global Crypto Industry, Reshuffles Team, Emphasizes Strict Regulation, Uses AI to Enhance Potential, and Receives $2 Billion Investment from UAE Fund

March 23, 2568 at 17.02:XNUMX a.m., CNBC reported that Richard Teng, CEO of Binance The world's largest cryptocurrency company says the return of Donald Trump's administration is a major reset that is very positive for the crypto industry.

By stating that “We are in a completely different environment now.” along with stating that The company benefited from a political turning point in the United States.

In just 16 months, Binance transformed from “The United States’ problem” It has become a key player in the financial system, especially after paying a $4.3 billion fine and forcing Changpeng founder “CZ” Zhao to step down.

Binance is currently in the news for possible links to the Trump family.The Wall Street Journal reported that the two parties could strike a joint investment deal, possibly teaming up with Trump-linked crypto bank World Liberty Financial to launch a US dollar-pegged stablecoin.

Richard Teng has not directly confirmed the report. But it points out that Binance.com and Binance.US are separate companies with completely separate shareholders and management teams to avoid regulatory issues.

However, it is said that “We’ve been through four years of what’s called Operation Choke Point 4, but now we have a president who is fully pro-crypto and AI.”

Richard Teng also mentioned the company's rapid growth, with users increasing from 170 million to 265 million in a year, and the cooperation of governments from many countries such as Japan, Australia, Hong Kong, Brazil, Argentina, and the United Arab Emirates.

Binance has been granted operating licenses in 21 countries and has quietly started attracting sovereign wealth funds to invest in crypto. Despite the bright outlook, Binance has had a rocky history. Founder CZ was charged with a crime and served a short prison sentence before stepping down. Binance was forced to pay historic fines in 2566 to the US Department of Justice and regulators to settle multiple regulatory violations.

Another open front is the civil case against the US SEC, which recently agreed to a 60-day delay in its trial amid reports that regulators are starting to ease pressure on crypto in the new political era. Richard Teng admits that the company initially underinvested in governance, but has now shifted its focus aggressively, with a compliance team of more than 1,300 people, or about a quarter of its workforce.

Despite its openness to governments around the world, Binance still has issues in some countries, such as Nigeria.

Senior Binance executives Tigran Gambaryan and Nadeem Anjarwalla were arrested on charges of tax evasion and colluding with clients to commit financial crimes. Anjarwalla escaped from prison in March 2567, while Gambaryan was later released.

Despite the scrutiny, Binance still holds over 40% of the global market share and recently received a major investment of $2 billion from the UAE government fund MGX. It was the largest deal in crypto history, and was paid for entirely in stablecoins. Richard Teng sees the deal as a significant step towards bridging the world of crypto and AI, saying: “We are using AI extensively in customer service, security and governance.”

refer : cnbc.com

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