Digital Assets Will Be an Important Part of Mainstream Finance, Says Binance.US CEO

Binance.US expects digital assets to anchor mainstream finance in 2025, despite ongoing legal battles with the SEC that the company says have stifled innovation.

Binance.US Interim CEO Reflects on Challenges, Eyes Cryptos Future in 2025

Binance.US Interim CEO Norman Reed has shared his reflections on the platforms challenges and growth prospects as 2025 approaches, underscoring the evolving role of digital assets in the broader financial landscape. Reed highlighted the resilience of the cryptocurrency sector despite regulatory hurdles in a blog post published last week, emphasizing the long-term potential for digital assets. He stated:

We expect digital assets to become an important part of the ‘mainstream’ financial ecosystem in the U.S. and around the world. The long view is to think of crypto as an ascending staircase where each cycle builds upon the last.

His comments come as Binance.US continues to navigate its legal battle with the U.S. Securities and Exchange Commission (SEC) following the agencys 2023 civil claims against the company.

Addressing the SEC‘s actions, Reed criticized the regulator’s approach, arguing that it has hindered innovation and harmed the crypto industry. “Ultimately, I strongly believe that the current SEC administration‘s actions have not only failed to uphold the agency’s founding principles, but also caused significant harm to American consumers and the crypto industry, including Binance.US,” he said.

Despite these setbacks, Reed expressed confidence in the company‘s ability to persevere. “But at the end of the day, I take comfort in knowing these facts: We’ve survived the SECs overreach.” He further noted: “Tellingly, the SEC has not presented any evidence of wrongdoing to date despite maintaining a careful watch over the company.”

Looking ahead, Reed conveyed optimism for the platforms future, pointing to the potential for regulatory improvements under new SEC leadership. He stressed:

In the meantime, we welcome a clear and practical regulatory framework for digital assets in the U.S. I am hopeful that the nomination of Paul Atkins as the next Chairman of the SEC will bring us one step closer to this reality.