Binance boss hails crypto ‘golden age’ as Trump win fires up industry

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Executives expects radical shift in regulatory approach in Washington after Democrat defeat

Binance’s chief executive has hailed Donald Trump’s US presidential win as the start of a “golden era”, as the crypto industry’s confidence soars that the election result marks a turning point in its acceptance in America. Trump’s success marked a “big win for crypto” that would result in an influx of new US regulators open to digital currencies, Richard Teng told the Financial Times.

Fairshake says it has already amassed $78mn for the 2026 midterms. “Crypto has emerged as a powerful political force and it’s one that will prevent any unfair actions from happening,” said Kristin Smith, chief executive of industry group the Blockchain Association. “This is an incredibly important moment, we have turned a corner,” she added. But crypto’s greatest ambition is a policy shift at the Securities and Exchange Commission, where chair Gary Gensler has a sweeping offensive.

 

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