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Binance CEO Richard Teng has broke his silence for the first time by Changpeng “CZ” Zhao was pardoned by President Donald Trump. Teng said the company is focused on rebuilding trust and moving forward as clearer rules begin to take shape for the crypto industry.
Richard Teng highlights Binance’s great progress
In an interview with CNBC, Teng said that Binance has learned from past mistakes and is now more focused on compliance. The crypto trading platform has recorded major milestones, including the x402 integrationwhich gives credibility to his respect.
He noted that the company’s efforts to follow regulations have improved the trust between investors and government agencies.
In the conversation, the CEO of Binance said that crypto has become mainstream. He added that better laws and supervision would help more people and institutions join the market.
He describes the new political climate as more open to innovation and less focused on punishment.
Teng took his place CEO at the end of 2023 after Binance agreed to pay a large fine for anti-money laundering issues. Since then, the company has strengthened its internal systems and spent more on regulatory work around the world.
CZ pardon divides opinion, Binance remains focused
It should be noted that the recent sorry about CZ by US President Donald Trump has drawn mixed reactions. Some critics said it showed political favoritism, while others saw it as a chance for the industry to move forward. In particular, Richard Teng said that the decision should not distract from the progress of the company.
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He dismissed claims linking Binance to non-crypto businesses, pointing to new funding from Abu Dhabi’s MGX fund as evidence of external support. Teng also joined the Digital Camera Advisory Board to support balanced crypto laws.
In the discussion, the CEO of Binance stressed that the exchange is now focused on the future. He also reiterated that regulation on the crypto market brings certainty and growth.
