Binance CEO says Trump was “great” for the encrypted currency

Binance CEO Richard Ting says that the Trump administration was a “wonderful” reset for the encrypted currency industry.

“It is a very different environment in which we work,” Ting told CNBC on Tuesday.

Within 16 months, Binance moved from a political outlet to a possible mediator in Washington. Once the poster was slapped for the organizational challenge – he was slapped with a standard settlement of $ 4.3 billion with the organizers and forced to overthrow the founder of the billionaire ChangPeng “CZ” Donald Trump The second administration, Ting said.

“We have benefited from this shift,” said Ting, who was appointed CEO of Binance in November 2023.

TENG comments come as Encryption In talks to make the Trump family take a financial share in the company, according to L. A report issued by the Wall Street Journal Earlier this month. On the same day, I mentioned Bloomberg This scientist Liberty Financial, a Trump’s encrypted bank that has not yet been launched, is involved in talks with Binance to launch Stablecoin in dollars.

If such deals are reached, it will be an amazing reflection of a company that was one day pariah in Washington.

Ten, a soft, former organizer, was cautious with his words when dealing with reports.

“I think both global financial freedom and CZ have tweet and denied reports,” said Ting, who runs the stock exchange outside the United States.

As for rumors about Trump’s share in Binance.us, Ten has got rid.

” He said. “They have different groups of shareholders, different management councils, and different executive managers run the offer.”

Binance has organized the two stock exchanges as independent entities in response to organizational audit, with the aim of giving up its American operations from the broader international business.

However, Teng is optimistic about the meaning of the new political environment for encryption.

“We have moved from four years of strangling the 2.0-date-to-date-you-priest head,” he said. While Binance.com does not work in the United States, he said: “We have benefited from all these pro -sulfo policies.”

Suffering Point 2.0 is how the people seek refer to an alleged campaign Old banks on digital asset companies During the Biden administration.

TENG has described a rapid global expansion that Binance brought from 170 million to 265 million users in just one year.

“We have received many methods from different governments around the world,” Ting said, “We have received many methods from different governments around the world,” citing the organizational progress in Japan, Australia, Hong Kong, Brazil, Argentina and the United Arab Emirates.

Binance is now licensed in 21 and its judicial meeting, and its influence extends out of reach of any one country. Ting said this includes sovereign wealth boxes, some of which began to quietly allocate it to encryption.

In the background of all this optimism is the reality of the volatile Binance.

Zhao, the founder of the company and former CEO, was charged with criminal criminality, forced to step down and take over the short prison sentence. Pay between A multi -dollar settlement – It was completed in late 2023 – to resolve a set of violations with American organizers, including the Ministry of Justice and the commodity futures trading committee.

One of the main front is open: the civil issue, the securities committee and the stock exchange against Binance and Zhao.

SEC and Binance agreed in February a A 60 -day pause In procedures as the two sides are a possible decision. Residence comes amid a broader decline by the Securities and Stock Exchange from several high-level encrypted cases-a possible regulatory reset formation under the new management.

“We have been neglected in compliance in those very early days,” said Ting. “But the important thing as an official institution is to recognize these early mistakes, amend this and invest in great compliance, which is what we are doing now.”

Ting said that Binance now employs more than 1,300 professionals in compliance, nearly a quarter of the total workforce. “The direction of travel is very clear. It is the direction of compliance.”

The Nigerian government may not agree.

He was a senior compliance officer in Binance, Tigran Gambaryan, Recently imprisoned Under harsh conditions. In Nigeria, Binance faced fees not to pay the alleged value -added tax and income tax on the company, not to provide tax declarations and collusion in helping customers to evade taxes through its platform.

Besides Gambary, an American citizen and a former employee in the internal revenue department, Nigeria also imprisoned his executive teammate, Nadim Anjarola, a British Kenyan. Both were accused and reserved by the Nigerian authorities. Anjarwalla fled the nursery in March 2024, and Jambary was released after several months.

“The treatment he went through in Nigeria is not justified,” said Ting on Anjarwalla. “We have always tried to communicate and work cooperatively with governments all over the world.”

Since assuming the position of CEO, TENG has transferred the company from an emerging company led by the founder to a protected organization.

“Now I inform you of the Board of Directors,” Ting said. “We have a council consisting of seven members, including three independent managers and an independent president.”

For all objectives, Teng insists that the platform is still dominant.

“At any time, we have more than 40 % of the global market share,” he said.

He refused concerns about Coinbase’s The increasing political influence and momentum behind the funds circulating in the exchange of encryption, on the pretext that the circulating investment funds are a gateway to the trading of encryption.

“Many users who start trading through the traded investment funds later on the encrypted currency platforms,” ​​Ting said, noting that although encryption does not stop, the circulating investment funds are limited to working hours.

Binance took the first institutional investment Earlier this month In a $ 2 billion deal with the UAE -owned investment company MGX, a technical fund of artificial intelligence. It is the largest investment ever in the Check Fine and the largest is fully paid in Stablecoins.

Ting said he sees investment as a means of coding and AI.

“We use artificial intelligence on a wide basis,” Ting said, noting that Binance uses artificial intelligence to serve customers, monitor security and compliance. “This is the Blockchain sector. We have to continue using technology to achieve efficiency. “

When asked about what he remains at night, Ting shook the list: security, compliance, innovation of products and opportunities for mergers and acquisitions.

“We want to make sure that we are running a very strong, operational and better platform in its class,” he said.