Changpeng “CZ” Zhao, Binance co-founder and former CEO, is hopeful about the evolving landscape of cryptocurrency regulation worldwide, particularly with upcoming U.S. elections potentially influencing pro-crypto policies.
Speaking publicly for the first time since his release from federal custody, CZ highlighted a favorable trend in global crypto regulation. During an October 31 fireside chat at Binance Blockchain Week, he noted, “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?”
This trend reflects growing public and political interest in digital assets, Zhao said, without predicting how the upcoming U.S. presidential election could impact the industry further. His comments come days ahead of the November 5 election, where cryptocurrency has emerged as a major topic for both political parties for the first time.
Rising Support for Crypto in U.S. Politics
In recent months, pro-crypto sentiment has gained momentum among U.S. leaders from both sides of the aisle, signaling a shift that could ease regulatory hurdles for the cryptocurrency market. Zhao emphasized that political alignment on this issue underscores an increasing public demand for digital assets, suggesting potential advancements in the U.S. regulatory framework in the coming years.
Background: Zhao’s Release and Return to Public Life
Zhao’s comments follow his September 27 release from a four-month federal sentence linked to Anti-Money Laundering (AML) violations. His return to the public eye, especially at a global crypto event, signals his continued influence within the industry.
As the global landscape becomes more favorable, Zhao’s outlook reflects a broader optimism about digital currency acceptance and integration, as governments worldwide reassess their stance on cryptocurrency regulation.
