Binance CEO Richard Teng Praises Trump's Cryptocurrency Strategy

During a recent appearance on CNBC's CONVERGE LIVE in Singapore, Binance CEO Richard Teng lauded United States President Donald Trump's approach to cryptocurrencies as a "landmark" moment. Teng highlighted the Trump administration's initiative to establish a strategic Bitcoin reserve as a significant step forward. This move, according to Teng, could encourage other governments to consider integrating cryptocurrencies into their financial strategies.

"It's not a question of whether to allocate, it is whether [to allocate] 2% or 5%, right? So we are having a lot of those important conversations now ... The long-term drivers are very strong," Teng elaborated, emphasizing the importance of these discussions for the future of cryptocurrency.