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Binance CEO says regulatory clarity will boost crypto growth

Richard Teng, the CEO of Binance, said on May 27 that clear regulations could potentially drive crypto mass adoption. He added that policymakers who understood this simple concept would ultimately shape the next decade of finance. 

The Binance boss has long believed that crypto needs two elements to come into play in order to enjoy global adoption. First, Teng pointed out that there was a need for more regulatory clarity for mass adoption to come through.

He claimed that people needed to understand regulators were critically looking into this space so that they could feel adequately protected, thus driving more adoption. Teng also highlighted a rising trend of global policymakers aligning on digital asset frameworks, especially as U.S. political figures, including President Trump, advocated for clearer crypto regulations.