Binance founder outlines push to strengthen U.S. crypto market
Changpeng Zhao is reemerging in the U.S. crypto policy and market conversation as he discusses Binance.US, industry conditions and his role after prison. The Binance founder says he wants the U.S. to become a global center for digital assets while staying out of day-to-day exchange management.
Highlights
- Changpeng Zhao aims for Binance.US to leverage Binance Global's liquidity to strengthen the U.S. crypto market amid the 2026 bear market pressures.
- Zhao, still majority shareholder of Binance and Binance.US, shifts to an advisory role and focuses on improving Binance's image in Washington, D.C.
- Senate negotiations on a separate crypto bill face delays over an ethics provision, with only 20 working days left before September 1 for a potential vote.
CZ sets out U.S. market goals
As reported by CoinDesk, Zhao says the 2026 crypto bear market reflects several pressures, including investors shifting money into AI, geopolitical events and the sector's usual four-year cycle.He says he wants Binance.US, in which he remains the majority owner, to draw on Binance Global's liquidity as part of a broader effort to make the U.S. crypto market stronger. Zhao also says his aim in Washington, D.C., is to clear up what he describes as misunderstandings about himself and Binance.
Zhao adds that he does not want to run a crypto exchange again. Instead, he says he prefers to act as an informal adviser to companies in which he has invested.
Policy backdrop and industry influence
Zhao remains an influential figure in the crypto sector even though he no longer leads Binance's daily operations. The article notes that he is still the majority shareholder in both Binance and Binance.US and continues to receive strong support at industry events.CoinDesk's newsletter also says negotiations on a separate crypto bill in the Senate are continuing, with an ethics provision still the main obstacle to an agreement. It says there are 20 working days left before September 1 on the Senate calendar, leaving less floor time for debate and a vote, while lawmakers also face other priorities including surveillance, agriculture and defense legislation.
In our earlier coverage of the U.S.-Japan-ROK coordination on North Korea-linked cyber threats, officials outlined a joint push to curb crypto theft, laundering and fraudulent IT worker schemes used to fund sanctioned DPRK activities. The Washington talks highlighted major theft cases and emphasized closer law-enforcement cooperation and private-sector mitigation to reduce illicit flows through the crypto ecosystem.
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