The world’s largest cryptocurrency exchange is in no hurry to return to the US market, its CEO said Binance Richard Teng in an interview with Bloomberg.
The company is waiting for more clarity before making any major moves, although Teng believes that the US government has become more crypto-friendly under Donald Trump.
CEO Binance said the new administration is gradually moving away from Joe Biden’s hard-line stance, which saw several major crypto companies targeted by U.S. regulators.
I think we have an opportunity to start from scratch,” Teng said in an interview with Bloomberg.
He added, oh Binance is still waiting for more clarity before deciding on its next steps in the U.S. However, the company is already considering several options for locating its offices in the country. In December 2024, Teng said the exchange planned to focus more on “global rollout” rather than returning to the U.S. market.
Binance left the United States in November 2023 as part of a $4,3 billion deal with the government over money laundering violations and operating as an unlicensed financial service provider.