Binance US Relaunch Delayed, Executive Confirms
Binance US's relaunch is not imminent, as confirmed by Steven McWhirter, the company's global policy lead. Discussions about returning to the U.S. market are premature.
A recent report suggested Binance founder Changpeng Zhao (CZ) was negotiating a deal with the Trump family for a stake in Binance US. Both CZ and CEO Richard Teng denied these claims.
Following a 2013 SEC lawsuit, which resulted in a $4.3 billion penalty for banking law violations, Binance US halted operations in the U.S. Speculation exists about a potential comeback under President Trump's administration.
Binance Executives Praise Donald Trump’s Crypto Policies
- McWhirter commended the rapid changes in the U.S. crypto landscape under Trump.
- The administration has eased regulatory actions against major crypto firms.
- Trump signed an executive order to create a “Strategic Bitcoin Reserve.”
- Congress is advancing legislation for stablecoin regulatory clarity.
- McWhirter noted impressive acceleration in developments since Trump took office.
Despite handling $20 billion in daily trading volume, Binance has not finalized its headquarters location, with McWhirter stating ongoing evaluations are taking place.
CZ Dabbles With Meme Coins
Changpeng Zhao recently purchased the Mubarak meme coin, which led to a 50% price increase after Binance announced its listing. Activity on the Binance blockchain is rising due to new meme coin launches, particularly on the BNB Chain.