Learn More about Lumida ETF
Powered by LumidaWealth.com
Lumida News
  • Home
  • EarningsNEW
  • News
    • Alt Assets
    • Crypto
    • Equities
    • Macro
    • Markets
    • Real Estate
  • Lifestyle
    • Family Office
    • Health and Longevity
  • Themes
    • Aging & Longevity
    • AI
    • CRE
    • Digital Assets
    • Legacy Brands
    • Nuclear Renaissance
    • Private Credit
  • About Us
No Result
View All Result
Lumida News
  • Home
  • EarningsNEW
  • News
    • Alt Assets
    • Crypto
    • Equities
    • Macro
    • Markets
    • Real Estate
  • Lifestyle
    • Family Office
    • Health and Longevity
  • Themes
    • Aging & Longevity
    • AI
    • CRE
    • Digital Assets
    • Legacy Brands
    • Nuclear Renaissance
    • Private Credit
  • About Us
No Result
View All Result
Lumida News
No Result
View All Result
  • Lumida Wealth
  • Lumida Ledger
  • LUMIDA ETF
  • About Us
Home News Crypto

Binance CEO Richard Teng Highlights Compliance and Growth in First Washington, D.C. Speech

by Team Lumida
March 27, 2025
in Crypto
Reading Time: 4 mins read
A A
0
black and white lenovo laptop

Photo by Vadim Artyukhin on Unsplash

Share on TelegramShare on TwitterShare on FacebookShare on LinkedinShare on Whatsapp

Key Takeaways:

Powered by lumidawealth.com

  • Binance CEO Richard Teng emphasized the company’s commitment to regulatory compliance, with 25% of its 6,000 global workforce dedicated to compliance functions.
  • Binance, the world’s largest cryptocurrency exchange, has grown to 266 million users and over $100 trillion in cumulative trading volume, despite past regulatory challenges.
  • Teng’s speech at the DC Blockchain Summit marked his first public address in Washington, D.C., where he stressed the importance of regulatory clarity and institutional adoption for crypto’s mainstream success.
  • Binance continues to expand globally, operating in 22 jurisdictions, while Binance.US remains its separate, compliant entity in the U.S.

What Happened?

Richard Teng, CEO of Binance, delivered his first speech in Washington, D.C., at the DC Blockchain Summit, focusing on Binance’s efforts to institutionalize compliance and support the growth of the cryptocurrency industry. Teng highlighted Binance’s transformation since its founding in 2017, noting that the company now has 266 million users and has processed over $100 trillion in cumulative trading volume.

Teng, who replaced Changpeng Zhao as CEO in 2023 after Binance faced legal and regulatory challenges, underscored the company’s investment in compliance, with 1,400 employees dedicated to regulatory functions. He also reflected on Binance’s past missteps, including a $4.3 billion fine for violating U.S. anti-money-laundering laws, and its subsequent efforts to rebuild trust and meet global regulatory standards.


Why It Matters?

Binance’s focus on compliance and regulatory engagement is critical as the cryptocurrency industry faces increasing scrutiny from governments worldwide. Teng’s speech in Washington, D.C., signals Binance’s intent to re-establish its presence in the U.S. market, where it has been banned since 2019.

The company’s rapid growth and recent $2 billion investment from Emirati state-owned investor MGX highlight its global dominance, but its past regulatory violations remain a challenge. Teng’s leadership, with his background as a financial regulator, positions Binance to navigate these complexities and potentially regain trust among regulators and institutional investors.


What’s Next?

Binance will likely continue its efforts to engage with U.S. regulators and expand its global footprint. Teng’s emphasis on regulatory clarity and institutional adoption suggests that Binance will prioritize compliance as it seeks to bring cryptocurrency into the mainstream.

Investors and industry stakeholders should monitor Binance’s progress in addressing regulatory challenges, particularly in the U.S., and its ability to maintain growth while adhering to stricter compliance standards. The company’s future success will depend on its ability to balance innovation with regulatory requirements in an increasingly complex global landscape.

Source
Previous Post

Trump’s Trade War Escalates, Putting U.S. Farmers on the Front Lines

Next Post

H&M Earnings Miss Expectations Amid Higher Discounts, Costs, and Supply Chain Disruptions

Recommended For You

Saylor Hikes Preferred Yields to Keep Bitcoin-Funding Engine Running

by Team Lumida
2 hours ago
Saylor Hikes Preferred Yields to Keep Bitcoin-Funding Engine Running

Key Takeaways Powered by lumidawealth.com Strategy Inc. (Michael Saylor) is raising the coupon on its preferred shares—its primary funding vehicle—to revive soft demand. Move signals a higher cost of...

Read more

Binance Aid to Trump Family Crypto Preceded CZ Pardon, Supercharging USD1

by Team Lumida
1 day ago
Binance Aid to Trump Family Crypto Preceded CZ Pardon, Supercharging USD1

Key Takeaways Powered by lumidawealth.com Binance helped build World Liberty’s USD1 stablecoin and facilitated a $2 billion USD1-funded stake sale to Emirati investor MGX, lifting USD1’s market cap above...

Read more

Polymarket Plans US Return Within Weeks With Sports Focus

by Team Lumida
2 days ago
Polymarket Plans US Return Within Weeks With Sports Focus

Key Takeaways Polymarket preparing US return by end of November with sports betting focus; initial trading won't be broadly available. Launch would cap turnaround after being kicked offshore,...

Read more

PBOC Governor Warns on Stablecoin Risks as Global Anxiety Builds

by Team Lumida
3 days ago
Bitcoin Mining Stocks Outperform BTC in Early 2025, Network Strength Grows

Key Takeaways Powered by lumidawealth.com PBOC Governor Pan warned stablecoins fail customer ID/AML requirements, "foster market speculation," increase global financial fragility, and threaten monetary sovereignty of less-developed economies. China...

Read more

Stablecoin Payments Accelerate After U.S. Regulatory Clarity

by Team Lumida
4 days ago
Bitcoin Could Drop to $50K Before a Potential Fed-Driven Rally

Key Takeaways Powered by lumidawealth.com Stablecoin transaction volume for payments hit $10B in August, up 70% since February and more than 2x YoY. Business-to-business payments dominate at $6.4B monthly...

Read more

Tether Targets $15 Billion Profit and $500 Billion Valuation as Stablecoin Dominance Grows

by Team Lumida
6 days ago
a close up of a pile of crypt coins

Key Takeaways: Powered by lumidawealth.com Tether expects nearly $15 billion in 2025 profit, up from $13 billion last year, driven by high interest income on U.S. Treasuries. The company...

Read more

JPMorgan to Allow Bitcoin and Ether as Collateral in Crypto Push

by Team Lumida
7 days ago
Tax-Loss Harvesting Surge: JPMorgan’s $15 Billion Windfall

Key Takeaways JPMorgan will allow institutional clients to use Bitcoin and Ether as loan collateral by end-2025, relying on third-party custodian; builds on earlier move to accept crypto...

Read more

Crypto Leaders Hit Capitol Hill to Push Market Structure Bill

by Team Lumida
1 week ago
Crypto Leaders Hit Capitol Hill to Push Market Structure Bill

Key Takeaways Powered by lumidawealth.com ~12 crypto CEOs (Coinbase's Armstrong, Kraken's Ripley, Uniswap's Adams, Chainlink's Nazarov) met Senate leaders (Banking Chair Tim Scott, Schumer, Gillibrand) for ~3 hours Wednesday...

Read more

Altcoins Stuck Below Post-FTX Low as Crypto Risk Appetite Sinks

by Team Lumida
1 week ago
Altcoins Stuck Below Post-FTX Low as Crypto Risk Appetite Sinks

Key Takeaways Powered by lumidawealth.com A ~$20B Oct. 10 liquidation triggered crypto’s largest single-day washout; altcoin index of 50 smallest tokens now trades below 2022 FTX-era lows, signaling retreat...

Read more

BlackRock Is Pulling Bitcoin Whales Into Wall Street’s Orbit

by Team Lumida
1 week ago
Is BlackRock the New Leader in Alternative Investments?

Key Takeaways Powered by lumidawealth.com In-kind creations for spot Bitcoin ETFs, approved in July, let large holders swap BTC for ETF shares without a taxable sale, moving assets onto...

Read more
Next Post
H&M neon signage

H&M Earnings Miss Expectations Amid Higher Discounts, Costs, and Supply Chain Disruptions

Robinhood Eyes Crypto Futures Expansion in US and Europe

Robinhood Expands Beyond Trading, Targets Wealth Management and Banking Services

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Related News

white paper with green line

Cautious Tone from BOJ: What It Means for Global Markets

September 20, 2024
Trump Resumes Arms Shipments to Ukraine Amid Escalating Russian Attacks

Trump Resumes Arms Shipments to Ukraine Amid Escalating Russian Attacks

July 8, 2025
Premium Chinese Brands: Why Investors Are Losing Faith

Can China Build Its Own Factory Robots to Meet Demand?

September 3, 2024

Subscribe to Lumida Ledger

Browse by Category

  • Lifestyle
    • Family Office
    • Health and Longevity
    • Next Gen Wealth
    • Trust, Tax, and Estate
  • News
    • Alt Assets
    • Crypto
    • Equities
    • Latest
    • Macro
    • Markets
    • Real Estate
  • Research
    • Trackers
  • Themes
    • Aging & Longevity
    • AI
    • Biotech
    • CRE
    • Cybersecurity
    • Digital Assets
    • Legacy Brands
    • Nuclear Renaissance
    • Private Credit
    • Software
Facebook Twitter Instagram Youtube TikTok LinkedIn
Lumida News

Premium insights to help you invest beyond the ordinary. Lumida Wealth Management LLC (‘Lumida”) is an SEC registered investment adviser

CATEGORIES

  • Aging & Longevity
  • AI
  • Alt Assets
  • Biotech
  • CRE
  • Crypto
  • Cybersecurity
  • Digital Assets
  • Equities
  • Family Office
  • Health and Longevity
  • Latest
  • Legacy Brands
  • Lifestyle
  • Macro
  • Markets
  • News
  • Next Gen Wealth
  • Nuclear Renaissance
  • Private Credit
  • Real Estate
  • Software
  • Themes
  • Trackers
  • Trust, Tax, and Estate

BROWSE BY TAG

AI AI chips AI demand Amazon Apple Artificial Intelligence Banking Bitcoin China Commercial Real Estate CPI Crypto Donald Trump EARNINGS ELON MUSK ETF Ethereum Federal Reserve financial services generative AI Goldman Sachs Google India Inflation Interest Rates Investment Strategy Japan Jerome Powell JPMorgan Markets Meta Microsoft Nasdaq Nvidia OpenAI private equity S&P 500 SEC Semiconductor stock market Tech Stocks tesla Trump Wells Fargo Whale Watch

© 2025 Lumida Wealth Management LLC is an SEC registered investment adviser. Privacy Policy. Cookies Policy.
Disclaimer Important Information This site is for informational purposes only. Information presented on this site does not constitute as investment advice.

Lumida Wealth Management LLC (‘Lumida”) is an SEC registered investment adviser. SEC registration does not constitute an endorsement of the firm by the Commission nor does it indicate that the adviser has attained a particular level of skill or ability.

Lumida's website (referred to herein as the "Website") is limited to the dissemination of general information pertaining to its advisory services, together with access to additional investment-related information, publications, and links. Accordingly, the publication of the Website on the Internet should not be construed by any client and/or prospective client Lumida’s solicitation to effect, or attempt to effect transactions in securities, or the rendering of personalized investment advice for compensation, over the Internet.

Any subsequent, direct communication by Lumida with a prospective client will be conducted by a representative that is either registered or qualifies for an exemption or exclusion from registration in the state where the prospective client resides.

‍Lead Capture Forms: By submitting your contact information in the forms on this site, you are not obligated to invest in Lumida's product or services.
‍Address: Lumida Wealth Management, 25 W 39th Street Suite 700, New York, NY 10018

No Result
View All Result
  • Home
  • Earnings
  • News
    • Alt Assets
    • Crypto
    • Equities
    • Macro
    • Markets
    • Real Estate
  • Lifestyle
    • Family Office
    • Health and Longevity
  • Themes
    • Aging & Longevity
    • AI
    • CRE
    • Digital Assets
    • Legacy Brands
    • Nuclear Renaissance
    • Private Credit
  • About Us

© 2025 Lumida Wealth Management LLC is an SEC registered investment adviser. Privacy Policy. Cookies Policy.
Disclaimer Important Information This site is for informational purposes only. Information presented on this site does not constitute as investment advice.

Lumida Wealth Management LLC (‘Lumida”) is an SEC registered investment adviser. SEC registration does not constitute an endorsement of the firm by the Commission nor does it indicate that the adviser has attained a particular level of skill or ability.

Lumida's website (referred to herein as the "Website") is limited to the dissemination of general information pertaining to its advisory services, together with access to additional investment-related information, publications, and links. Accordingly, the publication of the Website on the Internet should not be construed by any client and/or prospective client Lumida’s solicitation to effect, or attempt to effect transactions in securities, or the rendering of personalized investment advice for compensation, over the Internet.

Any subsequent, direct communication by Lumida with a prospective client will be conducted by a representative that is either registered or qualifies for an exemption or exclusion from registration in the state where the prospective client resides.

‍Lead Capture Forms: By submitting your contact information in the forms on this site, you are not obligated to invest in Lumida's product or services.
‍Address: Lumida Wealth Management, 25 W 39th Street Suite 700, New York, NY 10018