The U.S. is preparing to redefine global cryptocurrency regulation with a groundbreaking framework, allowing for the establishment of clear token standards, innovation pathways, and compliance models aligned with the practical dynamics of blockchain.
Richard Teng Believes the U.S. Will Set Global Standards with Innovation-Friendly Regulations
Last week, Binance CEO Richard Teng expressed support for the effort to modernize the U.S. digital asset oversight on social media platform X. He argued that the country is moving from applying decades-old securities rules to a framework that better reflects the realities of the blockchain market.
"The U.S. is finally moving past the phase of trying to apply blockchain technology to 80-year-old securities laws. The combination of the Crypto Project, the GENIUS Act, and market structure bills being debated in Congress has opened up a modular, layered approach to digital asset oversight," the Binance CEO wrote, adding:
This means clear token classification standards, testing pathways for compliance innovation, and licensing structures that reflect how the cryptocurrency market actually operates.
Teng describes the safety principles of the Crypto Project as a significant breakthrough: "The proposed safety principles of the Crypto Project could create a turning point. It allows token projects to develop with a legal gray area (of course, depending on disclosure and compliance standards) instead of fearing immediate enforcement."
This change will significantly reduce the legal risks that have stifled developers in the U.S. and pushed talent overseas." He also emphasized that clearer custody, staking, and separation rules could remove a significant barrier to institutions, while the proposed 'super app' licensing model could streamline compliance and improve user protection.
The Binance boss emphasized the potential international impact when stating:
If implemented, the Crypto Project could establish a global standard. Jurisdictions around the world have relied on U.S. leadership, and now they see a serious commitment to building a responsible and innovation-friendly regulatory system.
"This is a step forward for the entire ecosystem. At Binance, we have long advocated for clear rules on custody, disclosure, and AML. The Crypto Project has demonstrated many of these priorities. We appreciate Chair Atkins and the SEC team for working with the industry and recognizing the need for modern regulatory tools," he noted.
On August 11, Teng shared on X: "We collaborate with regulators, developers, and industry partners to develop cryptocurrency responsibly and sustainably. A heartfelt thank you to our team and community for driving this mission forward."