
Binance CEO Richard Teng has hailed the Trump administration’s digital asset policies, calling them a “game-changer” for the crypto industry. Speaking at the 2025 Binance Blockchain Study (BBS) in Seoul, Teng highlighted how favorable U.S. policies, stablecoin adoption, and global partnerships are shaping the next phase of growth.
Teng drew a sharp contrast between the Biden and Trump eras. “While the Biden era was marked by skepticism and regulatory pushback, the Trump administration has opened the door for crypto to flourish,” he said.
He pointed to key milestones such as the Genius Act and the approval of spot crypto ETFs. “Binance can be seen as a beneficiary of these changes,” Teng noted, adding that U.S. companies are now adopting digital assets on their balance sheets.
He described 2025 as a “pivotal year where institutional adoption and regulatory clarity are moving in sync.”
Teng placed stablecoins at the heart of financial innovation. “Only 20% of the world’s population has smooth access to financial services,” he explained. “The other 80% struggle with remittances, and stablecoins can change that.”
He stressed that stablecoins aren’t just about speed or efficiency—they’re about financial inclusion. “Traditional institutions are starting to recognize their potential,” he said, “and that opens the door for greater adoption worldwide.”
Teng also praised South Korea’s growing importance in the crypto ecosystem. With one of the world’s highest crypto adoption rates, Korea is becoming a key player.
He revealed that Binance is exploring partnerships with the Korean government, including a possible won-backed stablecoin. “Such a move could put Korea at the forefront of the global stablecoin race,” he said.
Looking forward, Teng expressed confidence in the market’s direction. He suggested a possible U.S. interest rate cut in September could further boost prices.
“Crypto is no longer on the sidelines,” Teng concluded. “It is becoming part of the financial system itself.”
2025 combines regulatory clarity (e.g., U.S. pro-crypto shifts) with accelerating institutional adoption, integrating crypto into mainstream finance.
Teng suggested a potential September rate cut could further boost crypto prices by increasing liquidity and investor risk appetite.
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