Binance.US interim CEO Norman Reed shared his views on the challenges and growth prospects the platform faces as 2025 approaches, emphasizing the evolving role of digital assets in the broader financial landscape. In a blog post published last week, Reed highlighted the resilience of the cryptocurrency industry despite regulatory hurdles and emphasized the long-term potential of digital assets. He stated, 'We expect digital assets to become an important part of the mainstream financial ecosystem in the U.S. and globally. In the long run, cryptocurrency is an ever-rising ladder, with each cycle building on the previous one.' His comments come as Binance.US is still engaged in a legal battle with the U.S. SEC, which filed a civil lawsuit against the company in 2023. Discussing the SEC's actions, Reed criticized the agency's approach, arguing that it stifles innovation and harms the cryptocurrency sector, saying, 'Ultimately, I firmly believe that the current actions of the SEC government not only fail to uphold the founding principles of the agency but also cause significant harm to American consumers and the cryptocurrency industry, including Binance.US.' Despite these setbacks, Reed remains confident in the company's ability to persevere, stating, 'But ultimately, what comforts me is the fact that we have withstood the SEC's excessive interference.' He further noted, 'It is worth mentioning that, although the SEC has been closely monitoring the company, no evidence of wrongdoing has been provided so far.' Looking ahead, Reed is optimistic about the platform's future, pointing out that regulation may improve under new SEC leadership. He emphasized, 'In the meantime, we welcome the establishment of a clear and practical regulatory framework for digital assets in the U.S. I hope that Paul Atkins' nomination as the next SEC chairman will bring us closer to this reality.' (Bitcoin.com)

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