The acting CEO of Binance.US, Norman Reed, stated that the cryptocurrency market resembles an ascending staircase, where each cycle is based on the previous one.
According to the head of the American division of the exchange, cryptocurrencies have already become an important component of the financial system, not only in the USA but also around the world.
The top manager noted that while Binance.US is forced to continue disputes with the U.S. Securities and Exchange Commission, which suspects the company of violating securities laws, he pointed out that he expects a change in the regulator's policy after a new administration led by Donald Trump comes to power.
Norman Reed stated that if the rules of the game for the crypto industry in the USA are revised, other countries are likely to follow the example of the United States. That is when cryptocurrencies will become even more in demand and popular among organizations and ordinary users.
Forecasts that the market capitalization of the crypto market, as well as the value of leading digital assets, will increase significantly may come true within the next few years, summarized the head of Binance.US.
