News

Can Binance US Make A Comeback Under Donald Trump?

CEO Richard Teng expressed hope for Binance US to resume its operations, however, would wait for more regulatory clarity from Donald Trump.
Published by
Can Binance US Make A Comeback Under Donald Trump?

Highlights

  • Binance CEO Richard Teng has expressed optimism about the evolving crypto-friendly regulatory environment in the US.
  • Binance is undergoing significant restructuring, including exploring global headquarters.
  • Teng has raised concerns about regulatory limitations in certain regions, particularly restrictions on tradable tokens and futures trading.

Binance chief executive officer Richard Teng is closely watching all the positive crypto regulatory developments taking place after US President Donald Trump took charge in January. He has expressed hope that they are weighing the possibility of resuming US operations once again.

Advertisement

What Are the Chances of Binance US Comeback?

In his latest interview with Bloomberg, Richard Teng, CEO of Binance Holdings Ltd. stated that the United States has finally transitioned away from a restrictive crypto regulatory environment earlier, to now with a more crypto-friendly approach under President Donald Trump.

Teng added that the previous Joe Biden administration was characterized by what industry executives described as “regulation by enforcement.” This approach included a wave of high-profile lawsuits and significant fines targeting companies such as Binance, Coinbase Inc., and Ripple LLC.

However, since Donald Trump has taken charge at the White House office, his team has taken an inclusive approach, signaling a potential shift in the crypto regulatory framework. “I think we have a fresh reset and a restart,” Teng said. However, for Binance US to resume operations, they would be waiting for more regulatory clarity moving ahead.

Advertisement

Crypto Exchange Recovers From Lawsuit Challenges

Binance US ceased its operations following a June 2023 lawsuit from the US SEC. The lawsuit alleged the exchange and Binance founder Changpeng Zhao ‘CZ’ mishandled customer funds, misled investors and regulators, and violated securities laws. However, the crypto exchange reached a landmark settlement with US authorities, agreeing to pay $4.3 billion to resolve the sweeping allegations.

Furthermore, Binance co-founder Changpeng Zhao has shown curiosity about Donald Trump’s decision to remove all DoJ members from the Biden administration. The US president said that he would “clean house” IMMEDIATELY.

Although Binance Global continues its legal battle with the SEC, the ongoing Binance lawsuit is on pause for 60 days amid the formation of the crypto task force by the securities regulator.

Advertisement

Reshaping Under the Donald Trump Administration

Following the Binance US settlement, the crypto exchange has been working on restructuring initiatives with Richard Teng in charge. Teng along with other board directors will be working to figure out the company’s global headquarters.

Speaking at the Hong Kong Convention & Exhibition Centre, Teng confirmed that Binance is weighing “a couple of different locations” for its headquarters and anticipates finalizing a decision “very soon.”

However, Teng also voiced concerns over local regulatory constraints in certain jurisdictions, particularly regarding limits on the number of tradable tokens and restrictions on futures trading. Recently, Binance co-founder Yi He also shrugged off reports of a Binance selloff.

Advertisement

Share
Bhushan Akolkar

Bhushan is a seasoned crypto writer with over eight years of experience spanning more than 10,000 contributions across multiple platforms like CoinGape, CoinSpeaker, Bitcoinist, Crypto News Flash, and others. Being a Fintech enthusiast, he loves reporting across Crypto, Blockchain, DeFi, Global Macros with a keen understanding in financial markets. 

He is committed to continuous learning and stays motivated by sharing the knowledge he acquires. In his free time, Bhushan enjoys reading thriller fiction novels and occasionally explores his culinary skills. Bhushan has a bachelors degree in electronics engineering, however, his interest in finance and economics drives him to crypto and blockchain.

Published by
Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.

Recent Posts

  • News

ProShares Files for Index Crypto ETF Tracking Bitcoin, Ethereum, XRP, and Solana

Leading asset manager ProShares is seeking to establish a new crypto ETF tracking the CoinDesk…

October 22, 2025
  • News

Trump Says Meeting with China May Not Happen, Bitcoin Drops

U.S. President Donald Trump has cast doubts over his meeting with China's President Xi Jinping.…

October 21, 2025
  • News

The Great Rotation? Bitcoin Rises as Gold Sees Largest Daily Drop Since 2013

Experts have indicated that a rotation might be occurring with investors moving from gold to…

October 21, 2025
  • News

Crypto Czar David Sacks to Meet Senate Republicans In Bid To Advance Market Structure Bill

Crypto and AI Czar David Sacks is set to meet with Republican members of the…

October 21, 2025
  • News

Waller Floats ‘Payment Account’ Framework to Provide Crypto Firms Access To Fed’s Payment Rails

Federal Reserve Governor Chris Waller has floated the idea of a 'Payment account' framework that…

October 21, 2025
  • Altcoin News

Aster Outpaces Lighter in Perp DEX Rankings as Wintermute Buys the Dip After Previous Dump

Aster is regaining momentum in the perp DEX space as it outpaces Lightchain in 24-hour…

October 21, 2025