Trump could be a catalyst for a global pro-crypto shift, Binance CEO says

The CEO of crypto exchange Binance said he expects U.S. President Trump’s “pro-crypto” legislation in the U.S. to spur regulators in other parts of the world to follow suit. “We have moved from a period where there’s big regulatory uncertainty and in many sense, some regulatory hostility towards the industry, to one where the largest economy of the world said ‘we want to embrace crypto,’” Binance CEO Richard Teng told CNBC’s Arjun Kharpal at CONVERGE LIVE in Singapore on Thursday. Under the administration of former U.S. President Joe Biden, regulators cracked down on the industry in an effort to ...