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Chanpeng Zhao: The Cryptocurrency Sector Has Evolved from Neglect to Acceptance, 2026/03/20 10:40:05
The majority stakeholder of the cryptocurrency exchange Binance, Changpeng Zhao, stated at the DC Blockchain Summit that since 2014, the crypto industry has undergone three developmental phases.
According to him, initially, the crypto market was overlooked for approximately five years. This was followed by a period of pressure and attempts to restrict the industry’s growth. Currently, Zhao assesses that the sector is transitioning into a phase of acceptance.
He believes that the United States is setting the pace for regulation, with signals from the Securities and Exchange Commission (SEC) becoming increasingly clear. Meanwhile, the competition for the status of a global crypto hub continues, despite the more favorable stance of the current administration led by Donald Trump.
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“The issue lies both in the legislation and in the market structure itself. Currently, trading fees in the U.S. are higher than those on international platforms, which makes conditions less advantageous for users,” Zhao stated.
He emphasized that for the U.S. to strengthen its position, high liquidity, a competitive environment, and the ability to compete with other crypto hubs are essential. Zhao believes that competition is what safeguards user interests.
“The U.S. has fundamental advantages: the capital of Silicon Valley, expertise from Wall Street, and a developed infrastructure,” added the former CEO of Binance.
Zhao also mentioned that the process of bringing back entrepreneurs and developers from jurisdictions like the UAE and Hong Kong has already begun and could lead to an influx of liquidity into the U.S.
Previously, Changpeng Zhao shared that in 2014, he sold his apartment in Shanghai for $900,000 and purchased 1,500 BTC at an average price of around $600 per coin.
