Binance Chiefs Support Crypto Regulation Overhoul, Eyes Global Standard

The US is poised to redefine global crypto regulations with groundbreaking frameworks that allow for clear token standards, innovation pathways, and compliance models tailored to the actual dynamics of the blockchain.

Binance Boss believes it sets global standards with innovation-friendly regulations

Binance CEO Richard Teng outlined his support last week in the US efforts to modernize digital assets surveillance on social media platform X. He argued that the country is changing from adapting decades-old securities rules to a framework that better reflects the reality of the blockchain market.

“The US is ultimately trying to block technology by attempting to renovate 80-year-old securities laws. The combination of Project Cryptocurrency, Genius Law, and the market structure bill discussed in Congress introduces a modular, layered approach to digital assets monitoring.”

This means a clear token classification standard, sandboxed pathways for compliant innovation, and a license structure that reflects how the crypto market actually works.

Teng described the principles of safe harbor in Project Crypto as an important breakthrough. “The proposed safe harbor principles of project Crypto can prove a game changer. This allows token projects to be developed in the regulatory breathing chamber (including disclosure and compliance benchmarks, of course). He also emphasized that the proposed “super app” licensing model can streamline compliance and improve user protection, while clearer custody, staking, and separation rules can remove key institutional barriers.

The Binance boss highlighted the potential for international influence, saying:

If implemented, Project Crypto can set up a global benchmark. Jurisdictions around the world are seeking leadership from the United States. What they are seeing now is a serious commitment to building responsible, innovation-friendly regulations.

“This is a step forward for the entire ecosystem. Binance has long advocated for custody, disclosure and clear rules for AML. Project Crypto examines many of these priorities. Chairman Atkins and SEC staff are engaging in the industry and recognising the need for modern regulatory tools. On August 11th, Teng shared with X. “Working with regulators, developers and industry partners, we will grow responsible and responsible. We would like to thank the teams and communities that are driving this mission!”