Cryptocurrencies

Binance CEO Teng Sees ‘Fresh Reset’ for Crypto in New US Regime

Richard Teng in Hong Kong on Feb. 19.
Photographer: Lam Yik/Bloomberg

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By Annabelle Droulers and Suvashree Ghosh

February 19, 2025 at 5:20 AM UTC

This article is for subscribers only.

The US under President Donald Trump has moved on from a crypto regulatory regime marked by “a bit of oppression”, according to Richard Teng, chief executive officer of Binance Holdings Ltd.

Digital asset executives have loudly complained that regulators under previous President Joe Biden sought to engage in “regulation by enforcement”, their description for a spate of high-profile lawsuits against and hefty fines levied on companies including Binance, Coinbase Inc. and Ripple LLC.