Alp Gasimov
2 min read
Exclusive: Binance CEO sees "180 degrees change" in the US originally appeared on TheStreet.
In an interview with TheStreet Roundtable, Binance Chief Executive Richard Teng hailed the SEC’s decision to drop its 2023 lawsuit against Binance as a “sea change” — a 180-degree turn that could restore the U.S. as the global crypto capital.
“We are very thankful to Chairman Paul Atkins of the US SEC, President Donald Trump and his administration for having very thoughtful, very considerate approach in terms of crypto formulation,” Teng said. He added, “choosing to support innovation instead of stifling it.”
He noted that after “the past four years where operation 2.0 was in operation,” such a key decision is “a big win not only for Binance as a company but it’s a big win for crypto as an industry.”
Teng said Binance is monitoring U.S. rule proposals closely. “We are keeping a very close watching brief of developments on the rule formulation from the US, both the stablecoin act as well as frameworks to regulate crypto,” he said.
He noted that while the company’s current focus remains on global deployment and growth, it is “keeping a watching brief to decide what opportunities there are for us in the US market in future.”
Under Teng’s leadership, Binance recently surpassed 275 million registered users, a milestone he attributed to the platform’s clear mission and strong culture. “If you look at the DNA, the culture, the mission statement of Binance has been very clear since founder CZ and the other co-founders founded the company,” he said.
Teng said the company places users front and center in every product vision, introducing features such as Binance Megadrop, Super Earn products, Binance Square and the recently launched Binance Alpha 2.0.
He also emphasized the importance of security and compliance, noting that many platforms suffer breaches because they “have not spent enough energy on security.” As a result, Binance has invested heavily in data encryption, multi-layer security measures and real-time monitoring.
To protect its users, the company also established the Secure Asset Fund for Users (SAFU), a one billion-dollar reserve to compensate customers in the event of a security breach — a level of backing that Teng said “others don’t do.”
Exclusive: Binance CEO sees "180 degrees change" in the US first appeared on TheStreet on Jun 15, 2025
This story was originally reported by TheStreet on Jun 15, 2025, where it first appeared.
