Binance CEO Richard Teng believes President Donald Trump’s pro-crypto stance could set off a global regulatory shift, prompting governments worldwide to adopt friendlier policies toward the cryptocurrency industry.
Speaking at CONVERGE LIVE in Singapore, Teng emphasized that the U.S. embracing crypto will likely encourage other countries to follow suit as they seek to remain competitive in the evolving digital economy.
“We have moved from a period where there was major regulatory uncertainty and even hostility toward the industry, to one where the largest economy in the world is saying ‘we want to embrace crypto,’” Teng told CNBC’s Arjun Kharpal.
The contrast between the Trump administration’s crypto-friendly policies and the previous regulatory environment under President Joe Biden is stark. During Biden’s tenure, the U.S. Securities and Exchange Commission (SEC) and other regulators cracked down on various crypto firms, citing fraud, money laundering, and consumer protection concerns.
However, since Trump took office in January 2025, crypto regulations have eased significantly, with the SEC dropping lawsuits against several major firms and the White House actively engaging with industry leaders.
“If you ask anyone in the crypto industry, people prefer the current administration compared to the last one,” Teng stated.
With the U.S. setting a pro-crypto precedent, many global markets are expected to reevaluate their stance on digital assets, potentially ushering in a new era of mainstream adoption and regulatory alignment.
Trump Administration’s Pro-Crypto Stance
President Donald Trump’s push for a U.S. strategic cryptocurrency reserve has ignited discussions across global financial markets. Through an executive order, Trump directed the allocation of seized digital assets—including Bitcoin (BTC), Ethereum (ETH), XRP, Solana (SOL), and Cardano (ADA)—into a national crypto reserve, marking a historic step in government-backed digital asset adoption.
Binance CEO Richard Teng described the initiative as a “landmark moment”, emphasizing its potential to influence other nations.
“The messaging is clear—the largest capital market in the world is now holding Bitcoin as part of its reserve. This will prompt other governments to reassess their stance on crypto and consider allocation into digital assets,” Teng noted.
However, the crypto market reacted negatively to the announcement, with Bitcoin prices slipping amid underwhelming details surrounding the reserve’s structure.
Investors had anticipated a more aggressive accumulation strategy, but the plan focuses on holding previously confiscated assets rather than making large-scale government purchases. Additionally, broader market fears over Trump’s proposed tariffs have weighed on risk-on assets, contributing to recent volatility.
Despite the pullback, Teng dismissed the correction as a “tactical retreat”, arguing that Washington’s growing embrace of digital assets and the appointment of crypto-friendly officials will drive long-term market strength.
Among Trump’s key appointments is venture capitalist David Sacks, who has taken on the role of crypto and artificial intelligence czar, playing a pivotal role in shaping the administration’s digital asset policy.
Quick Facts:
- Binance CEO Richard Teng believes President Donald Trump’s pro-crypto stance will encourage global regulators to adopt friendlier policies toward digital assets.
- Trump’s administration has actively engaged with the crypto industry, marking a shift from Joe Biden’s SEC-led regulatory crackdowns that targeted major firms like Coinbase, Kraken, and Gemini.
- Despite initial market pullbacks, industry leaders see Washington’s pro-crypto policies and appointments of crypto-friendly officials as long-term bullish drivers for the global cryptocurrency market.
