After U.S. President Donald Trump reaffirmed his commitment to making the U.S. a cryptocurrency hub, he made a stunning statement, claiming that Bitcoin’s recent record highs over the past few months were his doing. With the U.S. government signaling a more friendly stance toward crypto regulation, Binance founder Changpeng Zhao (CZ) announced that Binance US has officially resumed USD fiat deposit and withdrawal services.
Trump made these remarks on Wednesday (February 19) at the Future Investment Initiative Institute conference in Miami, stating, “We want to be at the forefront of everything, and one of those things is cryptocurrency. Miami seems to have become the center of action. Think about it carefully; maybe it will be here to stay.”
With the shift in the U.S. political landscape, he also mentioned that the future Congress may become the most pro-cryptocurrency in the world. He pointed out that legislators such as Tim Scott, Chairman of the Senate Banking Committee, and French Hill, Chairman of the House Financial Services Committee, are leading key committees to push for regulatory legislation on cryptocurrency, which will provide a more stable legal framework for crypto regulation.
Reflecting on former President Biden’s stance on cryptocurrency, Trump stated that he had “completely ended that war,” referring to the Biden administration’s crackdown on Bitcoin and cryptocurrencies. He said, “Until the very end, the U.S. SEC even stepped in, and their attitude became very friendly.”
Trump also mentioned that he intends to adjust government spending in the future, particularly hoping to allocate 20% of the funds saved by the Department of Government Efficiency (DOGE) to American citizens. He stated that this plan could be used to reduce national debt and effectively utilize the saved funds to further boost the U.S. economy.
With a 180-degree turn in the U.S. government’s crypto regulatory stance, Binance US is seeing new opportunities to return to the U.S. market.
Changpeng Zhao mentioned in a post, citing an article from Watcher.Guru, that Binance US has officially resumed USD deposit and withdrawal services for the first time in two years. In fact, the platform had announced the suspension of this service in June 2023 and is now resuming it this month.
(Source: Twitter)
In the recently released 2025 guidelines, Binance US stated, “This feature (USD deposit and withdrawal service) will be gradually rolled out to all eligible customers in the coming days.” This service was temporarily suspended after the SEC filed a lawsuit accusing Binance of violating securities laws.
Not only is there good news for Binance US, but Binance is also seeing new developments in the Asian market.
Changpeng Zhao pointed out, “Binance Coin (BNB) has been listed in Hong Kong. Why is this significant? Hong Kong’s current regulatory framework is relatively strict for token listings. HashKey is a licensed exchange in Hong Kong. This listing means the regulatory authority has approved the listing of Binance Coin. This is a recognition of Binance Coin and a signal that Hong Kong is taking steps to further open up its regulatory policies. Both aspects are positive.”
(Source: Twitter)
However, Zhao later clarified in a post, “Correction: I’ve been informed that HashKey Global is not available to Hong Kong citizens. Therefore, the situation mentioned above has not occurred. I was not involved in any discussions. I only saw this on Twitter today. I misunderstood and got carried away. Apologies. Let’s continue building.”
