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.
Secondly, he believes the price action would be highly volatile without institutional investors. Institutions provided more buy-and-hold users and investors with a different time horizon. Ideally, the price movement would become less volatile, and the market cap would become much bigger over time.
Teng welcomes regulatory clarity as a sign of the industry’s maturity
Clear rules = Mass adoption.
The crypto industry needs regulatory frameworks that:
🔸 Foster innovation
🔸 Protect consumers
🔸 Enable global competition
Policymakers who understand this will shape the next decade of finance.
— Richard Teng (@_RichardTeng) May 27, 2025
Teng provided an interesting perspective by suggesting that other countries would follow suit if the U.S. adopted crypto through clear and supportive laws. However, he pointed out that this domino effect was not guaranteed, although the influence of the U.S. could not be overemphasized. Teng said the global regulatory pressure was not a threat but a sign of the industry’s maturity.
The Binance boss argued that the coming years promised transformation as the crypto industry witnessed this regulatory domino effect unfold and change the future of finance and technology. Teng highlighted Binance’s efforts to work directly with the Kingdom of Bhutan as one example of how citizens could use crypto to pay for flights, meals, and tourism services.
“We’ve come a long way. Today’s regulatory environment is significantly better, with more governments seeking to provide clarity instead of restriction.”
–Richard Teng, CEO of Binance
Teng pointed out that these strategic alliances were part of Binance’s broader effort to bring transparency, stability, and infrastructure to retail and institutional investors. He also claimed that more precise regulation was key to unlocking institutional crypto investment and that his company supported governments in setting up Bitcoin reserves and long-term crypto strategies.
Binance says regulatory clarity is set to propel crypto growth
The Binance team claimed better regulation and clarity were the best way to scale crypto for institutional and retail adoption. The team also said the crypto industry was entering a new era where regulation drove growth rather than hindering it.
The team aimed to fully cooperate with governments around the world. It pointed out that such cooperation reflected global crypto regulation and compliance demands. Teng also discussed global expansion and recognized that some countries in the Middle East and Europe had already adopted crypto with better regulation, like the MiCA legislation in the Eurozone.
Teng asserted that increased crypto awareness would lead to many people and institutions embracing the industry, giving an example of Standard Chartered’s move, which he said supported his view. The multi-national lender announced in late March its partnerships with other firms to issue a stablecoin pegged to the Hong Kong dollar.
Teng said Standard Chartered was the first traditional financial institution to adopt stablecoins as a remittance currency because it made sense.
Minting and sending stablecoins was efficient, cost-effective, and instantaneous, solving many problems. Teng believes such a utility will drive other financial institutions to try different crypto use cases. However, he acknowledged that there were still many challenges before crypto was adopted globally.
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