According to TechFlow news on December 24, Bitcoin.com reported that Binance.US interim CEO Norman Reed shared his views on the challenges facing the platform and its prospects for growth in 2025, emphasizing the evolving role of digital assets in the broader financial landscape.
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 like a rising staircase, with each cycle building on the previous one."
In response to the actions of the U.S. Securities and Exchange Commission, Reed criticized the regulator's approach, stating that it hinders innovation and harms the cryptocurrency industry.
He said, "Ultimately, I firmly believe that the actions of the current administration of the U.S. Securities and Exchange Commission not only fail to uphold the founding principles of the agency but also have caused significant harm to American consumers and the cryptocurrency industry, including Binance.US."