Binance CEO Sees ‘Complete Reversal’ in U.S. Crypto Policy: Exclusive Interview

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Binance CEO Richard Teng called the recent decision of the U.S. Securities and Exchange Commission (SEC) to withdraw its 2023 lawsuit against Binance a sea change, a 180-degree turn that can potentially open up the U.S. to the world again as the preeminent crypto hub.

In an interview with the Street Roundtable, Teng expressed appreciation of what he referred to as a more progressive stance under SEC Chairman Paul Atkins and the Trump administration.

Richard Teng said, we are very grateful to Chairman Paul Atkins of the U.S SEC, President Donald Trump, and his administration to have a very considerate and thoughtful approach towards the formulation of crypto. They are opting to allow innovation rather than squash it.

Binance Reviews U.S. Crypto Policy Landscape

Binance Reviews U.S. Crypto

Teng emphasised the difference between the present and what he called operation 2.0 meaning the last four years of what many in the industry perceived as regulatory crackdown. According to him, the decision is a massive success, not only to Binance as a company but also to crypto as an industry.

Binance is also closely monitoring the U.S. regulatory environment despite its recent attention on expanding internationally. According to Teng, the exchange is closely tracking guidelines such as the continuously changing Widespread Stablecoin Act and larger crypto regulatory systems.

Binance Hits 275 Million User Milestone

Richard Teng said, we have a very close watching brief of everything that happens with the rule formulation going on in the U.S., so we will see. We will make decisions of opportunities available to us in the U.S. market in the future.

Binance has been on a new level especially under the leadership of Teng, with the platform recently exceeding 275 million registered users. The reason behind the ongoing success of the platform according to Teng is a well-understood mission and a user-first culture that was created by its founding members, including Changpeng CZ Zhao.

He said, the DNA, culture, the mission statement of Binance has been fairly clear since the time founder CZ and the other co-founders started the enterprise.

Binance Invests Heavily in Data Protection

Binance, Data Protection

The company has also kept unveiling new features in an attempt to make it as friendly to use as possible such as Binance Megadrop, Super Earn products, Binance Square and recently launched Binance Alpha 2.0, an advanced content and insight service aimed at crypto traders.

Teng also repeated the point about strict focus on security and regulatory compliance of the Binance platform. He cautioned that a lot of platforms end up being hacked because they had not devoted the necessary energy on security.

As a measure against that, Binance has subjected itself to intense investment into data encryption, real-time monitoring of threats and many layers of security.

Binance Highlights $1 Billion SAFU Fund

The Secure Asset Fund for Users (SAFU), an emergency insurance fund prudently created by the platform with a $1 billion policy, is the main distinction it makes to offer protection to its users. It is a kind of support that others are not going to do, Teng said.

With Binance looking at its new future, Teng, in his words, implies that a U.S. regulatory environment much warmer than the current one might result in one of the largest exchanges in the world coming back to the United States in a concentrate on innovation, adherence to law, and user confidence.

Conclusion

As Binance moves forward under Richard Teng’s leadership, the company remains committed to user protection, innovation, and regulatory compliance. With more than 275 million users and revived interest in the U.S. market, Binance shows great potential to influence the future development of crypto on both a worldwide and regulation-friendly level.