$BTC As of May 2025, a major turning point is unfolding for Binance, the world's largest cryptocurrency exchange, thanks to a surprising political shift in the United States. After years of legal challenges and regulatory crackdowns, Binance may be on the path to redemption under Donald Trump’s renewed embrace of cryptocurrency.
Background:
In 2023, Binance paid a historic $4 billion fine to U.S. regulators, and its founder, Changpeng Zhao (CZ), was sentenced to prison on money laundering charges.
Richard Teng, the new Binance CEO, has since worked to reshape the company's image through compliance reforms and transparency.
What's New?
With Trump returning to a leadership role in U.S. politics and actively supporting crypto, regulatory attitudes appear to be softening.
Trump's administration has paused certain SEC investigations into Binance.
There are talks of Binance reentering the U.S. and U.K. markets, signaling a potentially massive comeback.
Controversy:
Trump’s involvement in crypto has raised eyebrows. He's tied to $TRUMP tokens and a firm called World Liberty Financial, which reportedly benefited from a $2B investment deal involving Binance and an Abu Dhabi fund.
