The approach to cryptocurrency within the U.S. seems poised for change, heralding the possibility of renewed growth and acceptance for the digital asset sector. The CEO of Binance, Binance’s Richard Teng, stated that he believes a practical, crypto-friendly approach will be put into effect in the U.S. sometime in August. This comes after meetings with government and industry leaders in Washington and New York, which, along with needed sentiment in the country towards the digital currency, appear to reflect a change of course.
A New Optimism: Trump Administration’s Crypto Embrace
Renewed hope for the region comes from the Trump administration‘s positive stance towards the crypto industry. Trump appears to be supportive and tending to the new-wave markets, contrary to his recent “operation choke point 2.0.” Many crypto enthusiasts considered the preceding four-year period under the Biden administration quite hostile, but Teng strongly views anything as better than “operation choke point.”
“Teng stated during a global cryptocurrency conference in Dubai, ‘I think the US is going to come out with… pro-industry and smart regulations that support the industry but manage the risk at the same time.” Teng went on to assert there is an ‘evident change in attitude” in the 2025 leadership of the US concerning digital currencies, implying the country is ready to start encouraging innovation and growth in this area.”
“Such a change in tone has already been exemplified by the US SEC, which recently issued a stay on its civil indictment of Binance.” “This lawsuit, which was part of a set of charges brought against Binance’s founder in June 2023, claimed he was operating unregistered exchanges, misrepresenting controls on trades, and diverting customer funds. The SEC’s decision to put this high-profile case on hold suggests the Commission may be reevaluating its enforcement tactics under the new regime.”
Institutional Giants Join The Crypto Movement
Teng noted how the recent shift in US policy is having a positive effect everywhere, incentivizing certain financial institutions that looked down on cryptocurrencies to adopt them now. In his address, he cited the approval of 11 spot Bitcoin exchange-traded funds (ETFs) last January as a “momentous” event that enabled traditional investors to access Bitcoin through regulated financial instruments and directly transact with it.
“So the Larry Finks of the world ran from a skeptic to a believer, launching iBit in terms of ETFs. Fidelity is now launching their own stable coins. Standard Chartered is working in blockchain.” With the implementation of crypto strategies by major institutions, these are just a few of the growing list of entities that Teng noted. “You see all the top institutions around the world embracing a crypto agenda they want to deploy.” In terms of institutional onboarding, Binance has reported a major surge, which further emphasizes this statement.
A Clear Event: Crypto’s Allure
Binance exemplifies the growing overarching use of cryptocurrencies in modern society. Teng revealed that the exchange’s user base expanded from 170 million to 240 million within a 15-month period, showing the strong and sustained momentum driving crypto adoption worldwide. “You are going to see a lot of demand coming out from family offices, high-level individuals, trading firms, and even financial institutions trying to get active in the space,” he predicted.
Collaborative Evidence: Uniting for Effective and Clear Regulation
Teng emphasized that regulating cryptocurrency for different countries Binance works with will lead to effective partnerships. This cooperation is not restricted to the US alone; the UAE is also included as Binance is collaborating with other people sponsoring the introduction of a nationwide dirham-backed stablecoin. While details concerning what exactly Binance will do about the UAE’s initiative are still unclear, Teng stressed the point that the global size of the exchange gives it the capacity to play a ‘very important role in supporting any deployment and fast adoption in that space.” He defended Binance’s approach by stating their willingness to actively propose government collaboration to assist in managing liabilities and risk associated with innovation.
“The Future of Momentum is Extremely” Bright”—Cryptocurrency and Bitcoin ETF Teng
Ever since President Trump’s return to the White House, the cryptocurrency market has seen increased volatility, including an all-time high for Bitcoin during Trump’s inauguration. Regardless, Teng remains optimistic, explaining that passions supporting the trade and institutional involvement will further persist. Bitcoin ETFs, which are now available for trading, have also attested to Teng’s argument about escalating uneven support and acceptance of Bitcoin within the US.
The crypto’s long-term spending, investment interest, and consistent institutional growth, coupled with the ongoing war in Afghanistan, are all indicators of tech entering a new phase, market volatility, and momentum reaching unprecedented levels.
