Developing crypto regulations, along with a political shift toward cryptocurrencies, is a “very positive direction” for the industry, according to Changpeng Zhao.
Changpeng “CZ” Zhao, the co-founder and former CEO of Binance, is optimistic about the future of global crypto regulations ahead of the upcoming United States presidential election.
Cryptocurrency regulations are heading in a promising direction worldwide, Zhao said during his first public speech since his release from prison in the US.
During an Oct. 31 fireside chat at Binance Blockchain Week, CZ said:
“Overall [cryptocurrency regulation] is actually moving in a very positive direction… By June, Donald Trump is pro-crypto. By the end of June, both parties are pro-crypto. I’m still sitting in prison, like what the hell happened?”
Zhao indicated that shifting views on cryptocurrency suggest growing public demand for digital assets but declined to speculate on the potential outcome of the presidential election.
