- Binance CEO Richard Teng hails Trump’s crypto policies as a game-changer, contrasting them with Biden’s regulatory skepticism.
- Teng emphasizes stablecoins’ role in financial inclusion, addressing remittance issues for 80% of the global population.
Richard Teng, the Chief Executive Officer of Binance, has endorsed the digital asset policies implemented under the current administration. He described these policies as transformative for the cryptocurrency sector. Teng made these remarks during his address at the 2025 Binance Blockchain Study event in Seoul.
The next billion users won’t ask ‘what is crypto?’
They’ll just use it.
— Richard Teng (@_RichardTeng) September 5, 2025
He contrasted the current regulatory approach with that of the previous administration. Teng noted that the prior period was characterized by regulatory challenges and skepticism toward digital assets. He stated that the present environment allows cryptocurrency businesses to operate with greater clarity.
Teng highlighted specific legislative developments that have influenced the industry. He mentioned the Genius Act and the approval of exchange-traded funds that hold cryptocurrencies directly.
“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.”
Stablecoins represent an important area of focus in Teng’s analysis. He observed that approximately eighty percent of the global population lacks efficient access to financial services. Teng emphasized that stablecoins offer more than transaction speed or cost reduction.
The Binance executive also discussed South Korea’s position in the cryptocurrency landscape. The country demonstrates one of the highest digital asset adoption rates worldwide. Binance is considering collaborative projects with Korean authorities, including a potential stablecoin linked to the Korean won.
Teng suggested that macroeconomic conditions could further support digital asset markets. Potential interest rate adjustments by the Federal Reserve might create favorable conditions for price appreciation. The integration of cryptocurrency into traditional finance continues advancing across markets.
BNB (Binance Coin) is priced at $877.56, showing a 0.15% gain over the past 24 hours and a 3.6% increase in the last 7 days. The market capitalization is approximately $122.08 billion, based on a circulating supply of 140 million tokens.
The daily trading volume stands at $1.2 billion, suggesting moderate activity across leading exchanges such as Binance, CoinUp, and HTX. The price currently fluctuates between $872.11 and $884.34, indicating a stable but tight trading range.
BNB remains the fifth-largest cryptocurrency by market cap, with its performance tied closely to developments within Binance’s trading platform and its broader blockchain infrastructure.
Technically, BNB is facing mild resistance below the $880 mark, where multiple sell orders have repeatedly limited further upward movement. The $850 level continues to act as a psychological support, having been tested and held during previous corrections.
On the corporate side, C10 Treasury added BNB as its largest holding in a $2 million digital asset allocation, citing steady platform revenue and structural utility as key decision factors. This move reflects ongoing institutional confidence in BNB’s long-term viability.
Meanwhile, Binance is expected to shift its rewards policy for users who lock BNB, changing the incentives structure that previously offered fee discounts. The anticipated update may influence trading volume depending on how the policy impacts users with large BNB balances.
