Binance CEO Applauds Trump’s Pro-Crypto Policies Amid Exchange’s Efforts to Rebuild Trust

Richard Teng, the CEO of Binance, has openly praised former President Donald Trump’s administration for creating a favorable regulatory environment for the cryptocurrency industry. In a recent interview, Teng described Trump’s approach to crypto and artificial intelligence as “fantastic,” highlighting how his policies have provided much-needed clarity and support for the sector. With increasing political discussions around digital assets, Binance sees this shift as an opportunity to rebuild trust and position itself as a leader in the evolving regulatory landscape.

Binance has undergone a significant transformation since its $4.3 billion settlement with U.S. regulators, which led to the departure of its founder, Changpeng Zhao. Under Teng’s leadership, the exchange has prioritized compliance and institutional engagement, aiming to restore its reputation in Washington. The company has expanded its compliance team to over 1,300 professionals, making up about a quarter of its workforce. These efforts signal Binance’s commitment to adhering to global regulations while fostering confidence among policymakers and investors.

The Trump administration’s policies have contributed to a more defined regulatory framework for the crypto industry. The establishment of a crypto task force, spearheaded by SEC Commissioner Hester Peirce, has been a major step toward bringing regulatory clarity. This initiative has been well received by industry leaders, including investor Kevin O’Leary, who believes cryptocurrency is transitioning out of its unregulated “wild west” era into a more structured and compliant industry. As a result, companies like Binance are finding it easier to navigate the regulatory environment while expanding their services.

Despite past challenges, Binance remains optimistic about its future. Teng emphasized that the company is focused on global expansion and deeper collaboration with regulators. As the political landscape continues to evolve, the exchange is working to solidify its role as a responsible and transparent player in the crypto space. With renewed efforts to align with regulatory expectations and a political climate that is becoming increasingly supportive of digital assets, Binance is positioning itself for long-term growth in the rapidly changing financial ecosystem.