** Exclusive: Binance CEO sees "180 degrees change" in the US **
(originally appeared 15.6. on TheStreet)
In an interview with TheStreet Roundtable, Binance Chief Executive Richard Teng hailed the SEC’s decision to drop its 2023 lawsuit against Binance as a “sea change” — a 180-degree turn that could restore the U.S. as the global crypto capital.
“We are very thankful to Chairman Paul Atkins of the US SEC, President Donald Trump and his administration for having very thoughtful, very considerate approach in terms of crypto formulation,” Teng said. He added, “choosing to support innovation instead of stifling it.”
He noted that after “the past four years where operation 2.0 was in operation,” such a key decision is “a big win not only for Binance as a company but it’s a big win for crypto as an industry.”
Teng said Binance is monitoring U.S. rule proposals closely. “We are keeping a very close watching brief of developments on the rule formulation from the US, both the stablecoin act as well as frameworks to regulate crypto,” he said.
He noted that while the company’s current focus remains on global deployment and growth, it is “keeping a watching brief to decide what opportunities there are for us in the US market in future.”