Binance CEO: Trump's pro-cryptocurrency stance is a milestone

ChainCatcher news, Binance CEO Richard Teng stated that the Trump administration's decision to create a strategic Bitcoin reserve is a "good first step" that may encourage other national governments to consider "allocating to cryptocurrencies."

"The question is not whether to allocate, but whether to allocate 2% or 5%, right? So we are having a lot of important conversations like this right now. The long-term drivers are very strong," Richard Teng commented.