Richard Teng, CEO of Binance, believes the US crypto market will see clearer regulation this year under the new Trump administration, leading to a new all-time high for the industry in 2025. Teng cites past cycles and positive sentiment from political and corporate leaders as evidence for his prediction. He also expects progress on legislation regarding token issuance, trading, and asset management.
Richard Teng, Binance's CEO, on Tuesday said that he sees"much clearer regulation" in the U.S. this year under the new Trump administration, adding that this will be supportive for crypto markets.
Last year, bitcoin passed the $100,000 price milestone for the first time, as traders grew optimistic about the crypto industry's prospects under a Trump administration.will hit a new all-time high in 2025 on the back of positive regulatory movements in the U.S. under newly inaugurated President Donald Trump, the CEO of Binance told CNBC Tuesday.
"The narrative has shifted quite drastically" since last year, Teng added, noting he's been hearing positive crypto sentiments expressed by political and corporate leaders since arriving in Davos. The No. 1 question a founder who's hired hundreds always asks in job interviews: ‘It'll show they've done their homework'Trump isn't the only key U.S. political figure who is"pro-crypto," Teng said, adding:"The House of Representatives and the Senate now pro-crypto, compared to the past."
CRYPTOCURRENCY REGULATION TRUMP ADMINISTRATION BINANCE MARKET PREDICTION
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