Binance CEO sees U.S. crypto reserve influencing global regulations despite market pullback.
Trump’s Pro-Crypto Stance Gains Global Attention
Binance CEO Richard Teng predicts that Trump’s crypto-friendly policies will push regulators worldwide to follow suit. Speaking at CONVERGE LIVE in Singapore, Teng highlighted a shift from regulatory hostility to mainstream acceptance under the new administration.
U.S. Crypto Reserve Seen as a Landmark Move
Trump’s executive order to establish a strategic crypto reserve—comprised of Bitcoin, Ether, XRP, Solana, and Cardano—is being seen as a pivotal moment. Teng believes that other governments may now consider holding Bitcoin in reserves, marking a major shift in global financial strategy.
Market Impact and Long-Term Outlook
Despite the recent Bitcoin price drop following Trump’s announcement, Teng downplayed the pullback as a temporary market reaction. He emphasized that Trump’s crypto-friendly appointments and regulatory clarity will drive long-term adoption.
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