Us market re-entry concerns: Richard Teng, CEO of Binance, deems US market re-entry discussions premature. He suggests focusing on global operations instead, especially amid new, potentially pro-crypto leadership. Despite legal challenges leading to a 4.3 billion USD settlement, Binance aims to strengthen compliance measures globally.
Compliance as a competitive edge: Teng views compliance as crucial for Binance, positioning it advantageously in the crypto market. After exiting the US in 2023, Binance focuses on adhering to regulations worldwide, highlighting past shortcomings. The firm’s US division remains active but limited to crypto dealings, facing ongoing SEC scrutiny.