Binance CEO declares golden era for crypto after Trump's election win

Binance's CEO Richard Teng has declared a "golden era" for the crypto industry following Donald Trump's presidential win. Executives believe this victory will lead to a more favorable regulatory environment for digital currencies in the U.S., contrasting with the previous administration's stance. The crypto sector has seen a surge in confidence, with Bitcoin reaching a record high of over $76,000. Industry leaders expect increased institutional interest and a shift in policy, particularly regarding the Securities and Exchange Commission's approach to regulation. The crypto industry has actively influenced political races, spending $170 million to support pro-crypto candidates. This strategy has resulted in a significant increase in the number of supportive politicians in Congress, raising hopes for clearer regulations and a more welcoming environment for digital assets.