Highlights:
Changpeng Zhao (CZ), founder of Binance, shared plans to make the United States a major hub for cryptocurrency. He spoke at Binance Blockchain Week, held at the Coca Cola Arena in Dubai from December 3-4.
Zhao thanked President Trump for his pardon, saying it allows Binance to operate more freely in all regions, including the US. ““It’s my full intention to help make America the capital of crypto,” he said. He also looked back at Binance’s earlier US strategy. The company had reduced investments and operations in the country over the past few years because of challenges with the Biden administration. Now, he plans to support crypto businesses across the US.
Changpeng Zhao also noted that Binance US, launched in September 2019 to serve American residents legally, is still running but is a small part of the company. He described the US as a very important market with strong tech talent, even though most major blockchain leaders are still based abroad.
CZ highlighted Binance’s plan to bring major global crypto businesses back to the United States. He said many institutional investors still cannot access Binance Coin (BNB), and the company wants to fix this. He addressed the SEC lawsuit, which made Binance US lose banking access and some state licenses. Despite this, he said the US is now strategically important for the company’s long-term growth.
CZ stressed that clear regulations are key to global crypto adoption. He is working with over a dozen countries to create effective rules. “Now the US is leading, which is good, but it is just getting started. Trump has only been in power for a year,” he said. He also mentioned recent laws like the GENIUS Act, which gives clear rules for stablecoins. Meanwhile, the CLARITY Act, meant to define digital assets, is still being developed. CZ explained that early regulations may be imperfect and will take time to improve.
Changpeng Zhao emphasized that cooperation between banks and crypto companies is essential for mainstream adoption. He noted that integrating with existing financial systems is the best way to support growth. He also spoke about his personal challenges. In April last year, he served a four-month prison sentence after pleading guilty to US money laundering violations.
Recently, Binance launched Binance Junior, a mobile app for children aged 6 to 17. The app allows parents to monitor and control their kids’ crypto activities. It connects to the parent’s main Binance account. Parents can deposit funds, send transfers, and allow access to interest-earning crypto products, following local rules. Binance Junior works like a custodial account, where children can hold crypto, but parents retain full legal ownership and control.
Along with the app, Binance released a children’s book called ABCs of Crypto. The book explains concepts like blockchain, security, and types of digital assets using simple language and illustrations, making crypto easy to understand for kids.
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