Binance chief executive Richard Teng dived into the optimistic prophecy of digital assets witnessing an explosive surge in 2025. The Binance head premised the industry’s upward trajectory with President Trump’s devotion to eliminating regulatory ambiguity that has plunged crypto firms battling enforcements and multi-year court cases.
Teng opines that the crypto market will witness parabolic growth in 2025, elevating digital assets to uncharted territory. The CEO of the global largest crypto exchange attributes the potential for sustained uptrend to positive regulatory developments under the Trump administration.
Crypto to Set New Peak in 2025
Teng informed CNBC on Tuesday, Jan.21, that, unlike the Biden-Harris administration, the newly inaugurated President Trump reiterated his links to the crypto industry. The executive’s pronouncement has come to pass with Trump’s swift action to sign an executive order on Thursday to eliminate regulatory ambiguity, establish a working group to oversee comprehensive laws and create the strategic crypto reserve.
Teng, who succeeded Changpeng Zhao (CZ) as Binance chief last year, informed CNBC’s Arjun Kharpal that clearer regulation in the US would fuel the crypto markets to an accelerated uptick. Reflecting on the past cycles, Teng indicated during the fireside chat at this year’s World Economic Forum (WEF) in Davos that 2025 will have a standout surge.
Teng acknowledged that Bitcoin breached the $100K price milestone in late Q4 last year, as investors grew optimistic about the sector’s prospect under a GOP-led administration. The bullish outlook surfaced on Monday, Jan.20, when BTC regained steam to set a new high at $108,135 per CoinGecko data. Nonetheless, BTC has surrendered some recent gains to hover near the $104,000 range.
Teng added that the narrative around digital assets shifted drastically since 2024. The space is dominated by positive crypto sentiments in the political context, leaving a bullish prediction among the corporate leaders in Davos, Switzerland.
US Path to Crypto-Specific Legislation
Teng weighed the likelihood of new legislation affirming expectations to aid progress in the US crypto. He added that such progress in the United States is inevitable in asset management, trading, and token issuance.
Teng informed CNBC that Trump is not alone in the US political scene to support crypto. He singled out the House of Representatives and Senate composition as dominated by the pro-crypto members.
Binance CEO is confident of the new legislation given that pro-crypto lawmakers are heading the key committee. Those are likely to collaborate and back the newly nominated Securities and Exchange Commission chair, Paul Atkins, a sworn defender of the crypto sector.
Trump’s picking Washington-based lawyer Paul Atkins to undo the wrongs perpetrated by Gary Gensler will present a shift from aggressive enforcement targeting crypto firms.
Teng expects Trump to deliver certainty and recognition to the crypto sector. Doing so will involve establishing the strategic Bitcoin reserve that the now-president promised during the campaign trails.
IS EU Prepared for the Trump Presidency?
The European Union appears to front a defensive front as Trump begins his second four-year term. The comment by a German business executive emerged as policymakers attended the annual WEF summit in Switzerland. Like the business community, the EU leaders await the upcoming policies.
The uncertainty emerges from the flurry of executive orders that Trump has signed since he was sworn in as the 47th president.
Joe Kaeser, who chairs Siemens Energy’s supervisory board, urged patience until all facts are available. On Tuesday, the executive informed CNBC’s Dan Murphy that Trump 2.0 is different from the first term, dominated by noise and fewer actions. He added that the current administration is well prepared to alter things.
Kaeser decried the unpreparedness exhibited by the European Union to have a seat on the decision table. He cited the absence of a foreign economic policy representing the 450 million population.
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