Binance CEO Praises Trump on Crypto Stance

Binance CEO Richard Teng has strongly endorsed the Trump administration’s approach to cryptocurrencies.

He noted that he focuses on stablecoins, believing they will be the best tool for rapidly expanding the digital asset space.

Binance Benefits from Trump’s Policy

On Monday, Binance held its ‘2025 Binance Blockchain Study (BBS)’ in Seoul, where Teng attended and shared his view.

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When asked about the Trump administration’s crypto policy, Teng suggested that Binance “could be seen as a beneficiary.” He explained, “The Biden administration was pessimistic about crypto, but the Trump administration’s stance has completely shifted.”

Teng called it a pivotal year for the crypto market, citing the release of clear regulatory proposals like the Genius Act and the approval of spot crypto ETFs. He also noted that US publicly traded companies have begun adopting crypto as a strategic reserve asset, a trend he expects to become more pronounced.

Teng also revealed that Binance is discussing various partnerships with the South Korean government. He said, “We are discussing various partnerships with the Korean government.”

Teng positively views the Korean government’s crypto-friendly policy changes. He adds that he understands Korea “has a high crypto-holding ratio and is sensitive to technological trends.”

South Korea has shifted from its previously strict regulatory stance, and recent discussions have accelerated on introducing a won-backed stablecoin.

“It is natural for various institutions to partner on stablecoins. Binance has the advantage of a global network and a large user base, which would enable significant growth for a stablecoin through collaboration,” he said.

He added that while partnership discussions with Korea are ongoing, he could not disclose further details.

Stablecoins as a Solution for Financial Access

Teng stressed the need for the active expansion of stablecoins, stating, “Only about 20% of the world’s population has smooth access to financial services. The other 80% face difficulties with international remittances, and stablecoins can solve this.”

He believes traditional financial institutions are also beginning to recognize their value, and the issuance and use of stablecoins are expected to grow steadily.

Regarding the short-term price outlook, Teng predicted that a potential interest rate cut in September would continue the market’s upward trend.