The Crypto Market will see a new all-time high in 2025 on the back of positive regulatory movements in the us under newly inaugurated president donald trump, the CEO of Binance Told CNBC Tuesday.
Richard Teng, Who Took The Reins from Former Binance Changpeng Zhao Last Year, Told CNBC’s Arjun Kharpal that He Sees “MUCH CLEARER Regulation” l be support for crypto markets.
“If you look at past cycles, this year will be a year that we see a new all-time high for the crypto industry,” Teng said in a firside chat at the world economic forum in davos, switzerland.
Bitcoin Passed The First Time Last Year, As Traders Grew Optimistic About The Crypto Industry’s Prospects under A TRUMP Administration. As of tuesday, the token was trading near $ 104,000, according to coingcko, down 3% in the last 24 hours amid a broad slump in crypto markets.
“The Narravet (Around Crypto) has shifted Quite Drastically” Since Last Year, Teng Added, Noting He’s Been Hearing Positive Crypto Sentiments Expected by POLITICAL Davos.
In terms of new legislation, teng said that he expects to see Progress in the united states on Several Fronts, Including token Issuance, Trading and Asset MANAGEMENT.
Trump isn’t the only key us political figure who is “pro-crypto,” Teng said, adding: “The house of representatives and the senate now (are) Pro-Crypto, Compared to the Past.”
“So, Legislation will be passed, you have pro-crypto regulators being appointed to key commissioner roles in the sec and CFTC,” Binance’s CEO Said.
Trump Picked Respected Washington Lawyer Paul Atkins to Lead the Securities and Exchange Commission, which has previous been agressive in its enforcement Approach to the Crypto Industry
Teng is also expecting Trump to give the crypto sector “certainty” and “recognition,” as well as establish a US strategic bitcoin reserve — something the now-president suggested he’d do during his campaign.
Clarification: The text and headline of this story has been cleaned to reflect
(Tagstotranslate) Fintech (T) Technology (T) Breaking News: Technology (T) Bitcoin/USD Coin Metrics (T) Business News
