The CEO of the exchange says that Benance sees a “fresh reset” in the US, but it is waiting for more clarity before taking any decision on its next stages.
Binens is taking its time with the American market, CEO Richard Teng said that the company is waiting for more clarity before any major move, even though the space President Donald Trump has become more crypto-friendly under Donald Trump.
In Interview Along with Bloomberg, Binens’s CEO Richard Teng said that he sees things differently from a regulatory angle, indicating changes from more hawkish trend under the biden administration. During that time, American regulators filed a lawsuit against several crypto businesses such as coinbase, and themselves.
“I think we have a fresh reset and a restart,” Teng said in the interview. However, he said that Binance is still waiting for more clarity before setting its next steps in the US.
He also mentioned that Benance is considering some different places for its operation and the board hopes to make a decision soon, although it is not clear whether it includes the US or other places. Back in December 2024, Teng said that the exchange was focusing more on “global deployment” than a return to the US market.
Benance took out of the US market in November 2023, which was working with the US government as a part of a $ 4.3 billion deal and unlicensed money transmitter with the US government on a money laundering violation.
