Binance's CEO believes that US President Donald Trump's pro-crypto stance could inspire regulators in other countries to do the same.
Richard Teng, speaking at CONVERGE LIVE in Singapore, mentioned the shift from regulatory uncertainty to the largest economy embracing cryptocurrencies.
Trump's recent executive order signing established a Strategic Bitcoin Reserve, which Teng described as a 'landmark' moment.
EU ministers expressed concerns over the Bitcoin reserve, emphasizing the importance of the creation of a digital euro to stay ahead.