The chief executive of Binance, Richard Teng, has expressed strong support for a comprehensive overhaul of U.S. crypto regulations. He expects new, pro-industry and smart regulations to be introduced that balance support for the crypto sector with risk management.
This new optimism follows changes under the Trump administration, which is more embracing of the crypto industry. Teng highlighted collaboration with governments to establish clear and effective crypto regulations that will foster industry growth.
The U.S. is ready to redefine global crypto regulation through a groundbreaking framework aimed at clear token standards, innovation pathways, and legal clarity. This regulatory overhaul is part of a larger federal initiative that includes Project Crypto, which aims to modernize securities laws to facilitate blockchain-based financial markets and position the U.S. as a global crypto leader.
Efforts include bipartisan support in Congress for crypto market structure bills, such as the GENIUS Act regulating stablecoins and the CLARITY Act for digital asset market regulation, with a timeline targeting major legislation passage by August 2025. These moves reflect a coordinated strategy under the current U.S. administration to promote innovation, enhance investor protection, and maintain U.S. dominance in digital finance globally.
This regulatory shift strengthens confidence in the U.S. crypto market and aligns with broader global standards ambitions led by industry and government collaboration.
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