Binance.US Seeks Growth Amid US Regulatory Shift

Binance.US, the American affiliate of the global cryptocurrency exchange, is eyeing expansion in the US market. According to recent reports, the company aims to offer 'superior products' to American customers, following the Trump administration's efforts to create a clearer regulatory framework for the industry.

During an interview at the Mar-a-Lago forum hosted by World Liberty Financial (WLFI), Binance founder and former CEO Changpeng Zhao expressed optimism about the new regulatory climate. He stated that previously inaccessible options like deeper banking ties or a crypto national bank charter are now possible, citing the easing of enforcement actions as a key factor.

Zhao acknowledged that Binance.US faces obstacles due to the dropped 2023 lawsuit by the US Securities and Exchange Commission (SEC), which led to a significant loss in banking access and market share. However, he emphasized that under the new regulatory climate, options that were previously out of reach are now 'totally possible,' pending the right team and legal guidance.