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While Binance sees a “fresh reset” in the U.S., it is waiting for more clarity before making any decisions on its next steps there, the exchange’s CEO says.

Binance is taking its time with the U.S. market, with CEO Richard Teng saying the company is waiting for more clarity before making any big moves, even though the space has become more crypto-friendly under President Donald Trump.

In an interview with Bloomberg, Binance chief executive Richard Teng said that he sees things differently from a regulatory angle, pointing out the shift from the more hawkish stance under the Biden administration. During that time, U.S. regulators filed lawsuits against multiple crypto businesses like Coinbase, and Binance itself.

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