TL;DR
- Binance claims the U.S. could reclaim its position as a global crypto hub after a lawsuit against the company and Changpeng Zhao was dropped.
- Richard Teng highlighted that the current regulatory approach prioritizes clear rules over sanctions, paving the way for a predictable legal framework.
- The company, with 275 million users and 22 licenses, has over 1,400 employees in its compliance division focused on security and oversight.
Binance believes the United States is regaining a central role in the future of the crypto industry. CEO Richard Teng made this statement after a lawsuit involving the company and its founder, Changpeng Zhao, was officially withdrawn.
Teng described the decision as positive not just for Binance, but for the entire ecosystem. He emphasized the shift in the U.S. government’s regulatory stance, which now favors setting clear, transparent rules instead of relying on punitive actions.
Toward Transparent, Predictable Regulations
Teng argued that this change will allow the U.S. to reclaim its position as the preferred base for crypto companies and digital asset operators. He also expressed confidence in ongoing legislative efforts aimed at creating a legal framework that offers credibility and trust to users, businesses, and regulators. According to Teng, the orderly growth of this market depends on transparent and accessible regulation.
In an interview with CNBC, Teng declined to comment on the legitimacy of memecoins linked to political figures like Donald Trump. He explained that token creation in the crypto space is permissionless and open, making it natural for community-driven projects to emerge. Beyond this specific trend, he stressed that Binance will stay focused on security, regulatory compliance, and user protection.
Binance Is the Most Regulated Major Exchange
Binance now serves over 275 million users worldwide and holds licenses in more than 22 jurisdictions. To operate effectively in regulated markets, the company has built a compliance division of more than 1,400 employees. Teng stated that Binance is currently the most closely regulated global crypto platform among the industry’s major players.
The dismissal of the CFTC lawsuit had been a central topic in recent months. The accusations involved allegedly illegal services for U.S. clients, volume manipulation, and mismanagement of customer funds. According to Teng, the decision to drop the case marks a new phase for the industry in the United States and could accelerate efforts to establish federal-level rules in the coming months
