Binance CEO Richard Teng remarked that discussions about re-entering the US market are premature, especially now that a pro-crypto administration is expected. Teng stated on Bloomberg TV that the exchange is currently focused on its global expansion and capturing market share among high-profile investors. He emphasized compliance as a competitive advantage, especially following the $4.3 billion settlement with the US government over sanctions violations and operating as an unlicensed money transmitter, which led to Binance's exit from the US in November 2023. He believes that the clarity in regulations will allow Binance to heavily invest in compliance efforts. Although Binance's US arm continues to operate, it is limited to crypto-only transactions without dealing in US dollars. The discussion around any potential future compliance adjustments under President-elect Donald Trump's administration was deemed moot by Teng, who insists on focusing on compliance rather than seeking regulatory leniency.

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