Teng reiterated his commitment to compliance, stating, “I believe that compliance is the way to go. Given that regulations are going to be much clearer throughout the world, we have the ability to invest very heavily in compliance. I want to make complete compliance a competitive advantage.”
Future in the US Remains Uncertain
There is speculation about potential policy shifts under pro-crypto President-elect Donald Trump’s administration. Teng continues to dismiss the idea of renegotiating the terms of Binance’s US settlement. “Any discussion on the topic is moot,” he said.
Instead, Binance is focusing on expanding its global presence and attracting institutional investors, sovereign wealth funds, and high-net-worth individuals.
While Binance.US, the exchange’s American arm, continues to operate, it is restricted to crypto-only transactions and cannot handle US dollars. For now, Binance’s return to the broader US market remains uncertain.
