Bloomberg Law
Privacy & Cybersecurity
LinkedIn

Binance CEO Teng Sees ‘Fresh Reset’ for Crypto in New US Regime

Feb. 19, 2025, 5:20 AM UTC
Annabelle Droulers
Annabelle Droulers
Bloomberg News
Suvashree Ghosh
Suvashree Ghosh
Bloomberg News

The US under President Donald Trump has moved on from a crypto regulatory regime marked by “a bit of oppression”, according to Richard Teng, chief executive officer of Binance Holdings Ltd.

Digital asset executives have loudly complained that regulators under previous President Joe Biden sought to engage in “regulation by enforcement”, their description for a spate of high-profile lawsuits against and hefty fines levied on companies including Binance, Coinbase Inc. and Ripple LLC.

WATCH: Binance’s Richard Teng talks to Bloomberg Television. Source: Bloomberg

The Trump administration, by contrast, has made a series of crypto-friendly moves in the months since the inauguration.

“I think ...

Learn more about Bloomberg Law or Log In to keep reading:

See Breaking News in Context

Bloomberg Law provides trusted coverage of current events enhanced with legal analysis.

Already a subscriber?

Log in to keep reading or access research tools and resources.